- Stellantis will invest over EUR 1 billion to develop new Peugeot electric and hybrid vehicles in France.
- The Mulhouse plant will begin producing three STLA One-based Peugeot models starting in 2029.
Stellantis announced on June 2 that it will invest more than EUR 1 billion in France to support the development and production of three new Peugeot models. The upcoming vehicles will be offered in both fully electric and hybrid variants and will compete in the C-segment market. These models will be built on the newly developed STLA One platform and are scheduled to enter production at the Mulhouse manufacturing facility beginning in 2029.
The investment package covers both the engineering and industrialization of the STLA One platform within France as well as the production preparation for the future vehicle lineup. The initiative forms part of Stellantis’ FaSTLAne 2030 strategy, which prioritizes the deployment of advanced vehicle platforms, next-generation powertrains, and innovative automotive technologies to strengthen the company’s long-term competitiveness.
According to the company, Peugeot will become the first brand to utilize the STLA One platform. Designed as a globally deployable architecture, the platform will support the company’s strategy of offering both electrified and hybrid mobility solutions. The project also reinforces domestic manufacturing capabilities while aligning future vehicle production with evolving market requirements.
The Mulhouse facility is expected to benefit significantly from the investment through improved production utilization and long-term operational stability. The initiative will support approximately 4,500 employees working at the site and contribute to securing the plant’s future during a period of major transformation across the automotive industry. The investment demonstrates Stellantis’ commitment to maintaining a strong industrial footprint in France while accelerating vehicle electrification efforts.
In addition, the announcement aligns with the France government’s objective of promoting cleaner mobility solutions and expanding local manufacturing capabilities. Stellantis stated that the investment supports the broader “Made-in-Europe” policy initiative, which aims to strengthen regional industrial competitiveness, encourage domestic production, and accelerate the transition toward sustainable transportation technologies across Europe.
Frequently Asked Questions
What is the purpose of Stellantis’ EUR 1 billion investment in France?
The investment is intended to support the development of the new STLA One platform and the production of three future Peugeot models in France. These vehicles will be available as fully electric or hybrid models and will be manufactured at the Mulhouse plant starting in 2029. The initiative is part of Stellantis’ FaSTLAne 2030 strategy, which focuses on advanced platforms, electrification, innovative powertrains, and strengthening long-term manufacturing competitiveness while supporting local employment and industrial growth.
What benefits will the Mulhouse plant receive from this project?
The Mulhouse facility will become the production center for three new Peugeot vehicles built on the STLA One platform. The project is expected to improve plant utilization, support approximately 4,500 employees, and enhance the site's long-term sustainability. Beyond vehicle production, the investment reinforces France’s automotive manufacturing base and contributes to broader efforts aimed at expanding clean mobility solutions and strengthening local industrial capabilities through increased domestic production.
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