Stellantis Commits Over €1 Billion to French Mulhouse EV Production from 2029
STLA•Stellantis will invest over €1 billion in France to produce three C-segment Peugeot electric and hybrid models on the new STLA One platform at Mulhouse starting in 2029. The move aims to boost Mulhouse plant capacity utilisation, align with FaSTLAne 2030 cost-efficiency targets and strengthen European market coverage.
1. Investment Details
Stellantis will invest more than €1 billion in France to prepare its Mulhouse plant for production of three future Peugeot C-segment models—fully electric or hybrid—built on the new STLA One platform, with assembly scheduled to begin in 2029.
2. STLA One Platform Benefits
The STLA One modular platform supports multiple vehicle sizes and powertrains, aiming to accelerate development cycles and achieve roughly 20% cost efficiency through component simplification and scalability.
3. Strategic Alignment with FaSTLAne 2030
This investment aligns with FaSTLAne 2030’s objectives to strengthen the company’s four global brands by launching new platforms and powertrains, with Peugeot selected as the first brand to deploy STLA One globally.
4. Implications for Mulhouse Plant and European Market
By boosting capacity utilisation at the 4,500-employee Mulhouse site and targeting the C-segment—which represents about 30% of European car sales—Stellantis aims to secure long-term plant viability and reinforce its European market coverage.
