Stellantis, whose brands include Fiat, Opel, Chrysler, Citroën and Peugeot, has set out its electrification strategy supported by a five-year €30 billion investment commitment. By 2030 the group is targeting over 70 percent of sales in Europe and 40 percent in the US to be low emission vehicles. The company teased the launch of a new electric platform offering an 800km range and says all 14 of its brands are committed to offering best-in-class fully electrified solutions.
In setting out its plans at its recent EV Day 21 event, the company said its EV battery and component needs will be met through five gigafactories across Europe and North America, supplemented with additional supply contracts and partnerships.
The company also says it will establish fast charging networks across Europe, enabled by a memorandum of understanding recently signed between Free2Move eSolutions and Engie EPS. The business model is based on Free2Move eSolutions’ North American charging network.
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, explains Tavares, focuses “the right amount of investment on the right technology to reach the market at the right time”.
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.”
Stellantis says it will develop software in-house to maintain the characteristics unique to each brand.