Stellantis stock on fire: €1 billion+ EV bet sends shares surging

Stellantis shares are among the top performers on Piazza Affari this Wednesday, climbing nearly 3% to €6.98 and pushing monthly gains into positive territory. The rally isn't random noise — it's backed by a concrete industrial catalyst that's putting the Italian-French automaker back on the radar of EV-focused investors.

The spark? A billion-euro commitment to electric in France.

French President Emmanuel Macron just announced that Stellantis will pour over €1 billion into producing a new generation of electric vehicles at its Mulhouse plant in eastern France, with production set to kick off in 2029. For a group with deep Italian roots — born from the merger of FCA and PSA — this signals serious, long-term alignment between corporate strategy and Europe's green transition agenda.

Bigger picture: the FaSTLAne 2030 masterplan

This isn't a one-off move. Just days ago, Stellantis unveiled FaSTLAne 2030, a sweeping €60 billion five-year industrial plan built around six strategic pillars: brand portfolio optimization, targeted EV platform investment, industrial partnerships, and stronger regional autonomy. The Mulhouse announcement fits perfectly into this framework — proof that Italy's largest automaker isn't just talking electrification, it's funding it.

Four straight sessions of gains. The market is clearly buying in.