# Stellantis invests $111 million in Hungary facility for electric drive modules

Stellantis will invest 103 million euros ($111 million) at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules for electric vehicles.

- Type: Investment
- Announced: 2024-02-12
- Where: Szentgotthard, Hungary, Hungary
- Value: $111.0M (103.0M EUR)
- Status: announced
- Products: electric drive modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Stellantis](https://endata.com/companies/7966.md)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/stellantis-invest-111-mln-hungary-facility-produce-electric-drive-modules-2024-02-12/), 2024-02-12: "Stellantis said on Monday it will invest 103 million euros ($111.02 million) at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.