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Stellantis Unveils €60 Billion FaSTLAne Plan, Pomigliano E‑Car and Europe JV With Dongfeng

Company leaders say the package is meant to cut costs by using partner technology to meet EU electrification rules.

Overview

  • The FaSTLAne 2030 plan, announced Thursday, commits €60 billion through 2030 to fund 60 new models and to concentrate about 70% of product investment on Jeep, Ram, Peugeot and Fiat.
  • Stellantis confirmed a new low‑cost small BEV called the E‑Car will be built at Pomigliano d’Arco from 2028 with a reported target price near €15,000 and partner‑developed battery technology.
  • The company signed a memorandum with Dongfeng to form a Europe‑based 51/49 Stellantis‑led joint venture to sell and potentially build Dongfeng’s Voyah EVs in Europe, with Rennes cited as a likely production site.
  • Under the plan Stellantis will cut roughly 800,000 units of European capacity (about 20%), repurpose underused plants and offer manufacturing slots to partners such as Leapmotor and Dongfeng, with many deals at MoU or target stage.
  • Unions, regulators and investors will watch execution closely because key technical, commercial and regulatory details remain to be finalised and the company aims to return to positive free cash flow in 2028.