Stellantis plans to invest more than €30 billion through 2025 in electrification and software.
It’s targeting over 70 percent of sales in Europe and over 40 percent in the U.S. to be low emission vehicles (LEV) by 2030. It says all 14 of its brands are committed to offering best-in-class fully electrified solutions
The EV battery and component needs will be met with a total of five gigafactories in Europe and North America, completed with additional supply contracts and partnerships to support total demand.
The company also says it intends to meet the demands of its varied customers by supporting the development of fast charging networks across Europe, enabled by a memorandum of understanding (MOU) signed between Free2Move eSolutions and Engie EPS.
The intention is to mimic Free2Move eSolutions’ business model for the North American market.
Carlos Tavares, Chief Executive Officer, Stellantis, says: “The customer is always at the heart of Stellantis and our commitment with this €30 billion plus investment plan is to offer iconic vehicles that have the performance, capability, style, comfort and electric range that fit seamlessly into their daily lives,”. The strategy we laid out today focuses the right amount of investment on the right technology to reach the market at the right time, ensuring that Stellantis powers the freedom of movement in the most efficient, affordable and sustainable way.”
He adds: “Our electrification journey is quite possibly the most important brick to lay as we start to reveal the future of Stellantis just six months after its birth, and now the entire company is in full execution mode to exceed every customer’s expectations and accelerate our role in redefining the way the world moves.”
A programme of hardware upgrades and over-the-air software updates will extend the life of the platforms well into the next decade. Stellantis says it will develop software and controls in-house to maintain the characteristics unique to each brand.
Its brands include Fiat, Alfa Romeo, Chrysler and Peugeot.
Keyword: Stellantis to Invest €30 billion in Electrification And Software; Supported by Five Gigafactories