Fiat Chrysler to build new battery hub in Turin

FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S., May 25, 2018. REUTERS/Rebecca Cook

MILAN (Reuters) – Fiat Chrysler (FCHA.MI) will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the Italian American auto maker said on Tuesday.

Batteries produced in the new complex will be used by the new generation of full electric models, FCA said in a statement.

Reporting by Giulio Piovaccari

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source: reuters.com