Stellantis Aims for EUR20 Billion in Additional E-Vehicle Revenue by 2030
December 07 2021 - 3:30AM
Dow Jones News
By Ed Frankl
Stellantis NV said Tuesday that it is targeting around 20
billion euros ($22.57 billion) in additional annual revenue by 2030
through a rollout of new e-vehicle platforms.
The car maker said it would target EUR4 billion in incremental
annual sales by 2026, generated by software-enabled products and
subscriptions, rising to EUR20 billion by the end of the
decade.
It said it would invest more than EUR30 billion through 2025 in
a software and electrification transformation, with a majority of
cars "over-the-air updatable" by 2024.
The Amsterdam-based company, the result of a merger of Fiat
Chrysler and France's PSA Group, said it expects to have 34 million
software-connected cars globally by 2030 from 12 million
currently.
It added that it will deploy three new software platforms at
scale in 2024.
Stellantis also said it has established strategic partnerships
with companies including Foxconn Technology Group, with which it
will design and sell semiconductors, as well as BMW AG and Waymo to
drive efficiency and share know-how.
The company has said it is targeting more than 70% of its
vehicle sales in Europe and more than 40% of vehicle sales in the
U.S. to be low-emission vehicles by 2030.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
December 07, 2021 03:15 ET (08:15 GMT)
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