Saturday, February 4, 2023
News FCA plans to build 80,000 Fiat 500 EVs yearly with new investment

FCA plans to build 80,000 Fiat 500 EVs yearly with new investment

FCA made a €700 million investment in a new assembly line for the Fiat 500 BEV where the annual capacity will reach 80,000 units.

The Mirafiori plant in Turin, Italy is celebrating its 80th birthday this year. The manufacturing facility, owned by Fiat Chrysler (FCA), is getting quite a makeover announced the carmaker.

Indeed, FCA made a €700 million investment that includes design, development, engineering and construction of the assembly line. The assembly line, for the new Fiat 500 BEV, is set to start running during the second quarter of 2020. It will have an annual capacity of 80,000 units, with the potential for expansion.

Pietro Gorlier, FCA COO for the EMEA Region said, “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.”

This project is part of the massive €5 billion investment plan by FCA that will unfold in the next two years. A total of 13 all-new or “significantly refreshed” models is the plan as well as 12 electrified versions of new or existing models.

Gorlier added that “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.”

Trending Now

Nissan Shows Off Pole-to-Pole Adventure Ariya EV

Team driving Ariya EV from pole to pole Journey will take 27,000 km, but plenty of coffee Nissan has just revealed the vehicle that...

Ford to Return to Formula 1 Racing After Over 20 Years

The automaker will provide hybrid powertrains for the Oracle Red Bull Racing and Scuderia Alfa Tauri teams from 2026. Red Bull Powertrains will...

Mazda Promises the MX-5 Miata Will Outlive Us All

Today is a brighter day for us all. The MX-5 Miata was born in 1990 and will never die. For most, the Mazda MX-5,...

The Electrify America Charging Network Might Have Fried a Rivian R1T

This is the third time a similar incident happens with different EVs at an Electrify America station. The vehicle will need to receive...

Audi is Working on an Electric RS6 e-Tron that will be launched Next Year

This model will use the new PPE platform and it will feature a wider body and larger wheels. The A6 e-Tron concept reportedly...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.