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Automotive Industry

Fiat Chrysler to build new car battery hub in Turin

epa07629403 (FILE) - Signage of Italian-US car manufacturer FCA, Fiat Chrysler Automobiles, in Frankfurt am Main, Germany, 04 May 2018 (reissued 06 June 2019). Media reports on 06 June 2019 state Fiat Chrysler has withdrawn its proposal of merger with Renault. Reports further state Renault board, that met 27 May to discuss the topic, was unable to reach a decision on Fiat Chrysler offer. EPA-EFE/MAURITZ ANTIN

Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros, the carmaker announced.

Batteries produced in the new complex will be used by the new generation of full electric models that the company is planning to roll out, Fiat Chrysler (FCA) said in a statement.

Work on the new battery hub will start early next year, FCA said.

Between 2020 and 2021 FCA is scheduled to launch a full electric version of its small 500 car, Maserati’s first hybrid and electric models, hybrid models of Jeep’s Compass and Renegade and a light hybrid version of its Panda small car.

Via Reuters/ FCA

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