Stellantis will invest R$2.5 billion ($508 million) in Rio’s Porto Real plant by 2025.
The news came after a meeting between Stellantis’ South America President, Antonio Filosa, and Rio’s Governor, Cláudio Castro.
At the meeting, the company showcased its new Citroën C3 Aircross SUV. This model will soon go into production in Porto Real.
Filosa highlighted the plant’s role in future company plans. He said, “This facility is crucial for sustainable and low-cost mobility.”
The Porto Real hub already boasts top-of-the-line technology. The company plans to keep modernizing it.
Porto Real is one of five Stellantis factories in South America. The company will use the funds for research, new products, and facility updates.
Specifically, R$330 million ($67.2 million) will go toward a variant of the CMP platform. This investment enables the plant to produce hybrid cars.
This new platform lays the foundation for the C-Cubed vehicle line.
It starts with the new Citroën C3 and will include the soon-to-launch Aircross. Stellantis has yet to reveal the name of the third vehicle in this series.
Since 2001, the Porto Real hub has received R$7.6 billion ($1.49 billion) in investments.
Last year, the factory spent R$3.3 billion ($648 million) on parts and raw materials. Local suppliers in Rio met about 40% of this demand.
Background Stellantis
The investment indicates a strong commitment to Brazilian manufacturing. This is timely as global automakers are reconsidering supply chain strategies.
The focus on sustainable and low-cost mobility aligns with current global trends. It shows Stellantis is planning for a long-term future in Brazil.
Local suppliers benefitting from Stellantis’ demand also strengthen Rio’s economy. A hybrid vehicle focus taps into rising consumer interest in eco-friendly options.
Stellantis’ diversified model range, from Citroën to Jeep, offers broad market appeal. This strategic move sets a positive course for the automaker in a rapidly evolving industry.