Stellantis invests €130 million in Eisenach Assembly Plant in Germany for electric Opel Grandland successor

23 March 2023, 04:12:04

Stellantis announced it will invest over €130 million in the Eisenach Assembly Plant in Germany, producer of the Opel Grandland compact SUV, to add production of the BEV successor vehicle that will be built on the all-new STLA Medium platform. Production of the new BEV is scheduled to begin in the second half of 2024. Adding a BEV to Eisenach’s output supports Opel’s bold commitment to a fully electric product lineup by 2028 in Europe. The Opel Grandland currently produced at Eisenach includes also plug-in hybrid variants.

The Eisenach investment is a key step in meeting the commitments of the Dare Forward 2030 strategic plan, which is led by deep emission cuts to slash CO2 in half by 2030, benchmarking 2021 metrics, and achieve carbon net zero by 2038 with single digit percentage compensation of the remaining emissions. Core targets for Dare Forward 2030 also include 100% of passenger car sales in Europe and 50% of passenger car and light-duty truck sales in the United States to be BEVs by the end of the decade; the ambition of doubling Net Revenues by 2030 (versus 2021) and sustaining double-digit Adjusted Operating Income margins throughout the decade; and the aim to become number one in customer satisfaction for products and services in every market by 2030.

Stellantis is investing more than €30 billion through 2025 in electrification and software to deliver BEVs that meet customer demands.

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