Stellantis to Invest Over €1 Billion to Electrify Mulhouse Plant by 2029, Macron Announces

On May 26, 2026, French President Emmanuel Macron announced a significant investment by Stellantis, the European automotive group, to electrify its Mulhouse plant in France with over €1 billion earmarked for the project. This funding will enable the production of a new generation of electric vehicles at Mulhouse starting in 2029 as part of a broader push to accelerate the country's shift towards electric mobility.

The Mulhouse factory, employing around 4,000 workers, has faced uncertainty as it was one of the few Stellantis sites without a new vehicle assignment. Currently, it produces approximately 135,000 vehicles annually, down from pre-pandemic levels of 200,000. Production had slowed to about half capacity amid declining sales before this announcement.

Stellantis plans a total investment of €60 billion over the next five years and aims to launch 60 new model vehicles during this period. However, as part of this strategic shift, the company intends to reduce its annual production capacity in Europe by more than 800,000 units by 2030.

President Macron highlighted the investment during a conference at the Élysée Palace, urging French citizens and industries to embrace the electrification transition. He emphasized making the shift to electric vehicles "natural and desirable," though he noted potential challenges. Without additional financial aid, the higher costs associated with electric vehicles could pose obstacles for consumers.

This initiative is a critical part of France's industrial future, securing the Mulhouse plant's role amid the global automotive sector's transformation towards sustainability and electrification.