Former Stellantis CEO Carlos Tavares, who Antonio Filosa recently replaced in late June, said: "As a critical part of our 'third engine' growth strategy, South America will take a leading role in accelerating the decarbonization of mobility together with our employees, our supply chain network and our partners," according to Smart Energy Decisions. The automaker's $6 billion investment will span from 2025 to 2030 and is centered in Betim, Brazil, which became Stellantis' global center of expertise for bio-hybrid technology in March.