By Brazil Stock Guide – Stellantis NV (NYSE: STLA) plans to invest R$30 billion in Brazil through 2030, expanding factories, developing vehicles and technology, and adding 2,000 direct jobs as the automaker deepens its reliance on local suppliers.
Chief Executive Officer Antonio Filosa presented the plan to President Luiz Inácio Lula da Silva during a meeting at the presidential palace in Brasília on Wednesday, according to Brasil 247.
The investment, which covers the 2025-2030 period, will fund new products, manufacturing technology and production capacity. It will also extend to the company’s Brazilian supplier network, which Stellantis estimates supports about 350,000 jobs.
Of the 2,000 direct positions announced, 1,500 will be created at the Betim plant in Minas Gerais, while 500 will be added in Rio de Janeiro. The Rio facility will begin producing the Avenger, marking the model’s first manufacturing operation in the state.
The expansion will allow Stellantis to introduce a third shift in Betim and a second shift at the Rio plant. Beyond the direct hires, the automaker expects its spending to generate about 20,000 jobs across the broader production chain.
Stellantis already employs roughly 35,000 people in Brazil. The company purchases about R$60 billion of locally produced materials and components each year, underscoring the country’s role in its regional manufacturing strategy.
About 95% of the content used in vehicles assembled by Stellantis in Brazil is sourced domestically, according to the company. Brazilian suppliers provide all the steel, plastics and chemical components used in production, while the automaker manufactures engines and transmissions locally.
The investment plan aligns with the Lula administration’s Nova Indústria Brasil policy, which seeks to increase industrial competitiveness through innovation, sustainability and exports. Government officials also discussed the impact of Brazil’s tax overhaul, including measures intended to eliminate cascading tax credits and fully exempt investment and exports.
Vice President Geraldo Alckmin, Chief of Staff Miriam Belchior, Finance Minister Dario Durigan and Development, Industry, Trade and Services Minister Márcio Elias Rosa attended the meeting alongside Stellantis executives.
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