(Alliance News) - Stellantis NV has announced an additional EUR100 million investment to increase the potential of the Fiat 500e electric car.

It also announced the start of annual production of 600,000 units of electrified dual-clutch transmissions at the eTransmissions assembly joint venture.

Stellantis explained that this is the next step in a EUR240 million investment contributing to the creation of the Mirafiori 2030 Automotive Park. Mirafiori will be one of Stellantis' three main global hubs for operations encompassing the entire automotive cycle, from design to recycling.

Stellantis stock is up 0.4 percent at EUR25.19 per share.

By Chiara Bruschi, Alliance News reporter

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