Capitol Fax.com - Your Illinois News Radar

Stellantis to invest $5 billion to expand Belvidere facility

Posted in:

Illinois

Stellantis plans to spend nearly $5 billion over the next four years expanding its Belvidere operations to include electric vehicle and battery manufacturing. […]

The company will invest $3.2 billion in a battery plant with a joint venture partner that hasn’t yet been disclosed. The plant is expected to open in 2028, according to the briefing materials.

Stellantis also will spend $1.5 billion to repurpose the Belvidere plant to assemble a new model electric midsize truck, starting in 2027. The union predicts the plant will make 80,000 to 100,000 vehicles per year.

Another $100 million investment will create a larger regional parts-distribution hub in Belvidere, consolidating work from facilities in Michigan and Milwaukee. Stellantis also will increase stamping operations to supply parts.

Read the rest, but they’re reporting that the agreement would mean 4-5,000 jobs at the expanded plant.

posted by Rich Miller
Friday, Nov 3, 23 @ 1:24 pm

Comments

Whoa.

And that’s on the heels of the FCA retool 5-6 years ago. Great work by the locals and administration for keeping it going!

Comment by Dirty Red Friday, Nov 3, 23 @ 1:44 pm
Businesses don’t want to invest in Illinois because the state isn’t competitive or welcoming to business.

That man who loosely said such silliness… is a Floridian.

Good on all.

Bad day for IPI, et al.

Comment by Oswego Willy Friday, Nov 3, 23 @ 2:14 pm
Belvidere is practically Wisconsin so the IPI is still correct no one wants to invest! /s

Comment by Nick Friday, Nov 3, 23 @ 3:10 pm
Great save for Illinois! Great job by the electeds, the UAW, the Biden White House, Team Pritzker!

Comment by Downstate Friday, Nov 3, 23 @ 3:15 pm

Add a comment

Sorry, comments are closed at this time.

Previous Post: Question of the day
Next Post: Oak Park board passes emergency disaster resolution, allocates money to help migrants

Last 10 posts:

SUBSCRIBERS ONLY - Another supplement to today’s edition (05-15)
Isabel’s afternoon briefing (05-15)
SUBSCRIBERS ONLY - Issue poll (05-15)
Question of the day (05-15)
Poll: Johnson disapproval at 57 percent, approval at 28 percent (05-15)
Rides For Moms Provides Transportation To Prenatal Care (05-15)
It’s just a bill (05-15)
Caption contest! (05-15)
Isabel’s morning briefing (05-15)
Vote YES On IHA’s Legislation To Address Unnecessary Care Denials By Medicaid MCOs (05-15)