The company has entered into a period of a consultation with the trade union representatives and its employees. The £50m will be used to create an all-electric, sustainable vehicle hub at its Ellesmere Port site. "The proposal, made within the context of the UK's ZEV Mandate, will potentially contribute to greater production efficiency, including additional production of the medium-sized K0* battery electric LCVs, and support the company's ambition to become the No. 1 LCV manufacturer globally," the carmaker said in a press statement released this afternoon. "Ellesmere Port is proposed as the new all-electric UK LCV hub to take advantage of UK employees' expertise on the new line, the site's footprint and proximity to the Green Automotive Hub located at the adjacent Queen Elizabeth II Eastham docks and the recently constructed 59,500m² Stellantis UK parts distribution centre.