Stellantis to invest $155 million in Indiana plants to produce electric drive modules

Stellantis has announced it will invest a total of $155 million in three Kokomo, Ind., plants to produce new electric drive modules (EDMs) that will help power future electric vehicles assembled in North America.

The EDM combines the electric motor, power electronics, and transmission into a single module. It will be integrated into vehicles designed on the STLA Large and STLA Frame platforms, helping each achieve driving range up to 500 miles, according to the automaker.

The gearbox cover will be cast at Kokomo Casting and machined at Kokomo Transmission. Gear machining and final assembly will be at the Indiana Transmission Plant. Production is expected to start in Q3 2024, following retooling. More than 265 jobs will be retained across the three plants.