Stellantis presents a long-term strategic plan: ‘Dare Forward 2030’. In it, the group sets out its long-term vision and immediately mentions a number of concrete objectives. One of these is that all of the group’s European sales will be fully electric by 2030. Ultimately, the group must be completely climate neutral by 2038.
This climate neutrality is not only about the cars that roll off the belt, but about the entire production process from ‘well to wheel’, as CEO Carlos Tavares clarifies. For this major target in 2038, Stellantis is building in an intermediate step: by 2030, the CO2 emissions of the entire group must be reduced by 50 percent compared to 2021. That is not the only target that Stellans has set for the end of this decade. By 2030, for example, the entire sales of Stellantis in Europe must consist of fully electric cars. That comes as no surprise, because Peugeot, among others, already announced that it will be fully electric from 2030. In America, half of Stellantis’ sales mix should consist of BEVs by then. In total, the product portfolio by then will consist of 75 EVs.
According to Stellantis, the above percentages mean that the group will sell 5 million EVs per year by 2030. In order to achieve these goals, Stellantis is focusing on increasing battery production capacity. During an earlier presentation of the various electric platforms, Stellantis aimed for a production capacity of 260 GWh per year, but the group is now raising that ambition to 400 GWh per year by 2030. The EV targets have also been further tightened compared to that presentation. Stellantis previously said that 70 percent of European sales had to be fully electric.
Until 2025, Stellantis is investing €30 billion in electrification. This includes the roll-out of the previously announced four STLA platforms, the conversion of factories, investments in solid-state batteries and the construction of five ‘Gigafactories’ for battery production. To this end, Stellantis works together with Daimler and the Chinese Svolt, among others.
US Electrification Plans
In the presentation, Stellantis emphasizes the electrification plans in America. For example, the group shows new teaser images of the electric pickup Ram 1500, which will be placed on the STLA Frame platform. Stellantis does not provide technical details yet. There are also images of a new electric SUV from Jeep. According to Stellantis, every new model that comes on the market will have a fully electric version from 2024.
Aries 1500
In 2023, the electric delivery van Ram Promaster will first be launched on the market, followed by the electric Ram 1500 in 2024. That year is important for Stellantis in any case, because Jeep and Dodge will also launch new electric models. In the case of Jeep, these are an off-roader and the aforementioned SUV, Dodge will launch an electric muscle car that year. Stellantis further confirms that the production version of the Chrysler Airflow will be launched in 2025. Chrysler will be fully electric in 2028.
The Electrification Plan for America.
In addition to battery-electric cars, Stellantis also invests in hydrogen. In 2024, the group wants to supply large delivery vans with a fuel cell and later expand this to large trucks. Stellantis aims for a range of 400 kilometers for the fuel cell for large vans, compared to 230 kilometers and 330 kilometers for the group’s current EV vans with battery packs of 50 kWh and 75 kWh respectively.
Software platforms
In addition to the EV platforms, Stellantis is working on three software platforms: STLA Brain, STLA SmartCockpit (together with Foxconn and Amazon) and STLA AutoDrive. For the latter system, which makes level 3 autonomous driving possible, Stellantis is working together with BMW. STLA AutoDrive should appear on the market from 2024. In 2022, Stellantis will take an intermediate step with ‘Level 2+’, which should make hands-free autonomous driving possible.
High revenue target
At the same time as the electrification and sustainability plans, Stellantis states that turnover should have doubled to €300 billion by 2030. The group expects a lot from the premium segment, of which it expects a fourfold increase in turnover. The group also wants to set up a worldwide digital showroom and that by 2030 a third of all sales will be online. Stellantis also focuses on a platform on which second-hand cars can be sold: Spoticar. In terms of revenue, Stellantis also expects a lot from the software, which should account for €20 billion in revenue per year. Not only must turnover increase, total costs must also decrease. Stellantis aims, among other things, at a 40 percent cost reduction for EVs.
All in all, Stellantis’ strategic plan mainly builds on the previously announced platforms, but the group is pushing the power a little deeper than originally thought. 2024 is still the year in which we can expect the most news from Stellantis. In any case, the European-American group is already well on its way in terms of profitability.
– Thanks for information from Autoweek.nl