Stellantis (STLA) to build EVs at Cassino plant in Italy

Stellantis (NYSE: STLA) announced Thursday that the automotive company will use its Cassino assembly plant in central Italy for making cars based on its STLA Large platform as part of the company's electrification strategy.

The announcement was made today by Stellantis CEO Carlos Tavares as he visited the technically advanced assembly plant, which currently builds the Alfa Romeo Giulia and Stelvio as well as Maserati Grecale vehicles.

“The Cassino plant has a rich history of innovation and technology,” said Stellantis CEO Carlos Tavares. “The vehicles we are designing on the STLA platforms will revolutionize the driving experience with cutting-edge features and capabilities, so we trust the skilled workers and the Stellantis site management to master our bold cost and quality targets. The support of our workforce in Cassino and the foresight of local and national officials further electrify our efforts to delight customers with clean, safe and affordable mobility.”

Stellantis said it will provide details on which STLA Large-based models will be made in Cassino at a later date.

The Cassino facility is the second Stellantis plant publicly named to produce vehicles based on the STLA Large platform, joining the Windsor Assembly Plant in Canada. The STLA Large platform is designed to deliver up to 800 km (500 miles) of electric range with Stellantis-designed modular battery packs and electric drive modules.

The Franco-Italian carmaker's first vehicles based on the new platforms are expected next year.

Shares of STLA are down 1.68% in mid-day trading on Thursday.

By Michael Elkins | [email protected]

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