Stellantis to invest more than 30 billion euros in electrification and software development
Stellantis, manufacturer and owner of the Jeep, Peugeot, Opel, Alfa, Fiat and CitroÃ«n brands, said its low-emission vehicle (LEV) mix for passenger cars in Europe is expected to reach more than 70% by 2030.
In the United States, its LEV mix for passenger cars and light trucks is expected to exceed 40% by 2030.
To execute this electrification strategy, Stellantis plans to invest more than â¬ 30 billion by 2025 in electrification and software development, including equity investments in joint ventures.
The company says it remains committed to growing its commercial vehicle leadership in Europe and strengthening its position in North America, while aiming to be the world leader in electric utility vehicles.
Stellantis Says Its Utility Vehicle Electrification Deployment Will Extend To All Products And Regions Over The Next Three Years, Including Delivery Of Hydrogen Fuel Cell Mid-Size Vans By End of the year.
Stellantis’ electrification roadmap also encompasses the entire value chain.
The company’s electric vehicle battery supply strategy is to secure more than 130 gigawatt hours (GWh) of capacity by 2025 and more than 260 GWh by 2030.
Stellantis’ battery and electric vehicle component needs will be met by five giga-factories in Europe and North America, complemented by additional supply contracts and partnerships to support total demand.
Stellantis has signed memoranda of understanding with two geothermal lithium brine process partners in North America and Europe to ensure a sustainable supply of lithium, identified as the most critical battery feedstock in terms of availability.
In addition to sourcing strategies, Stellantis says its technical expertise and manufacturing synergies should drive down battery costs.
Electric vehicle battery costs are expected to be reduced by more than 40% from 2020 to 2024, and by more than 20% by 2030.
All aspects of the battery pack play a role in reducing costs – optimizing the overall pack, simplifying the format of the modules, increasing the size of the battery cells and improving the battery chemistry.
The automaker adds that it intends to maximize the total battery life cycle value through repair, remanufacturing, second life and recycling.
Stellantis notes that it aims to have the total cost of ownership of electric vehicles equal to that of internal combustion engine vehicles by 2026.
He says his battery-electric vehicles will offer ranges of between 500 km and 800 km, with a rapid charge capacity of 32 km per minute.
Stellantis claims that the following statements express some of the approaches to electrification of its brands:
Alfa Romeo – “From 2024, Alfa becomes Alfa e-Romeo”
CitroÃ«n – “Electric CitroÃ«n: well-being for all!”
Fiat – “It’s only green when it’s green for everyone”
Jeep – “Zero emission freedom”
Maserati – “The best of performance luxury, electrified”
Opel – “Green is the new cool”
Peugeot – “Making sustainable mobility a quality time”
Commercial Vehicles – “The World Leader in Electronic Commercial Vehicles”