FCA to invest €700 million in the Fiat 500 BEV, production to start in Q2 of 2020

11 July 2019, 13:08:36

Earlier today, FCA announced that it will invest €700 million in the production of the Fiat 500 BEV. The production is scheduled to begin in the second quarter of 2020 and the investment will include the creation of a new production line for 80,000 vehicles per year with potential for expansion. It will be added to the Mirafiori production site in Turin, Italy - the largest FCA production site in the world, which has just turned 80 years since its establishment. Today FCA installed a state-of-the-art Comau robot at Mirafiori. The rest of the plant will be retooled over the coming months. In the body shop alone, there will be a total of 200 robots enabling a fully-automated welding process. Around 1,200 people will be dedicated to the production of the Fiat 500 BEV.

"This car was entirely conceived, designed and engineered here. It is a genuine product of 'Made at Fiat' and 'Made in Turin' ingenuity. It is another excellent example of the ability to create and innovate which abounds in our company and in this city. In Turin, we are developing a new electric mobility center of excellence which currently employs 260 people. The new Fiat 500 electric represents just the first phase of our investment plan for Mirafiori," said Gorlier. "This project will be followed by renewal of the Maserati range, starting with the Levante, and the addition of other models as projected in our business plan."

In Italy, the Group has plans to install more than 900 charging stations at production sites and employee parking areas, around 1,200 at Leasys Mobility Stores and more than 1,100 at dealerships. Total investment for this project is around €33 million. FCA will invest a total of €5 billion for the introduction of 13 all-new or significantly refreshed models and a comprehensive offering of electric vehicles, including 12 electrified versions of new or existing models. "Despite the challenging macro-economic climate, and consequent weak market conditions, we have confirmed our investment plan and today's ceremony is a concrete sign that our projects are advancing at speed," said Gorlier.

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