Fiat Chrysler Automobiles (FCA) will invest two billion euros ($ 2.45 billion) in its plant in Tychy, Poland, Deputy Prime Minister Jaroslaw Gowin announced on Twitter on Tuesday.
From the second half of 2022, FCA wants to start manufacturing electric and hybrid vehicles in Poland.
The company will expand and modernize the factory in Tychy, Silesia’s industrial region, where cars will be produced under the Jeep, Fiat and Alfa Romeo brands.
The Polish subsidiary of Fiat Chrysler currently manufactures Fiat 500 and Lancia Ypsilon cars, and has about 2,500 employees.
For the period 2018-2022, FCA has committed to invest nine billion euros in electrification, and the total value of investments is 45 billion euros.