By 2025, 96% of Jeep, Ram, Dodge, Fiat և Stellantis NV other brands in the US will have electrified versions of all models that offer fully battery-powered by 2030, CEO Carlos Tavares said on Thursday. General Meeting of Shareholders.
The details are an early glimpse of how the world’s fourth-largest automaker expects to meet “the No. 1 challenge in the automotive industry,” Tavares said. The company was created in January by Fiat Chrysler Automobiles PS of the French automaker PSA Groupe in order to have the means և scale to quickly compete with the industry for zero emission technology in the face of growing demand պայմաններում under government mandates.
“This is what we are going to bring to market,” Tavares said during a meeting held almost because of the COVID-19 epidemic. “Please realize that we are now accelerating this step of electrification, we realize that we are in a great time, we are ready to meet the expectations of zero emission mobility for the markets in which we operate.”
By 2021 alone, Stellantis expects to triple sales of its electrified cars to more than 400,000 from its predecessors. Stellantis is adding 10 new models this year for a total of 39 electrified nameplates. The company has more than 110 brands among its 14 brands.
Fiat Chrysler was perceived as backward in the EV space. In 2018-2020, the Italian-American automaker spent $ 26.8 billion (€ 22.4 billion) on product development and production in electrification, Stellantis chief consultant Orgio Fossati said on Thursday.
Stellantis’ plans are based on four new global battery-powered platforms, including three for passenger cars, one for large SUVs and one for pickup trucks, which are due to debut in 2024, no less than 310 miles away. BEV passenger car platforms for medium to large vehicles will be introduced at 2,035 miles և 497 miles respectively. The small car platform should be operational by 2026 at a distance of more than 310 miles.
“The size of these platforms can provide no less than the numbers we have mentioned, which will address what we call the concern of the electric vehicle range,” Tavares said. “I think this is quite a step forward.”
The merger on just four platforms is expected to save the projected $ 5.9 billion cost of merging in January.
That should make it easier for the company to reach the US goal of having 98% of its European signage in plug-in hybrid or pure EV by 2025.
“Such ‘LEV’ versions should represent 31% of US automakers’ sales before that, 4% in 2021 and 35% in 2030,” Tavares said. The company expects it to exceed the market average of 30%.
In Europe, LEVs are expected to account for 38% of Stellantis sales by 2025, up from 14% in 2021 and 70% by 2030, up from the projected 60%.
For comparison, General Motors said in November that 40% of new car revenue in the United States would be fully battery-powered by the end of 2025, when all of its cars will be fully electric. Such a deadline that Tavares refrained from putting Stellantis to work.
Tavares also stressed Stellantis’ commitment to control about 80% of the cost of battery-powered electric vehicles, which is more than the automaker has for vehicles with internal combustion engines. The concept is borrowed from the golden age of the first automobile, when automakers controlled the main parts of the assembly, which the industry called “vertical integration”. Stellantis will provide more details on the batteries on July 8, the day of the electrification.
PSA has previously developed joint ventures under Stellantis that will continue to produce battery cells, modules until the end of 2023, electric motors by the end of 2022, and hybrids to Europe by the end of 2022. Stellantis plans to build battery management systems by the end of next year, as well as develop power management software and power management software.
The automaker has not announced plans to build a battery plant in the United States, but Tavares said work on such projects is progressing rapidly. By 2025, the company plans to have a capacity of 130 gigawatt hours and 250 gigawatt hours by 2050.
His joint venture Automotive Cells, together with the French oil and gas company Saft Groupe, will start producing batteries in Douvrin, France, by the end of 2023 in Kaiserslautern, by the end of 2025. provide 50 gigawatt-hours of power.
“We not only want to advance this transformation of electrification, because we believe that our goal is to provide safe, clean, affordable mobility to the citizens of the communities where we operate,” Tavares said. “Not only will we accelerate now, but we will do it in an efficient way that does not waste the company’s resources.”
Stellantis is not alone. GM is working with LG Chem on a $ 2.3 billion battery plant in northeastern Ohio that is expected to be completed by 2022. Last month, Volkswagen announced that a joint venture with Northvolt AB would produce batteries in Germany by 2024. batteries, too.
Also, at the annual general meeting, 99.6% of shareholders voted in favor of the $ 1.2 billion special distribution instead of the usual dividend, which was discontinued due to the COVID-19 epidemic. Payments of 38 cents (0.32 euros) per share will be made on April 28.
The holding companies representing the major shareholders of Stellantis, the Italian Agnelli family and the French Peugeot family, shared in a joint statement that this week they signed a consultative agreement “aimed at strengthening the Agnelli և Peugeot family relationship and supporting Stellantis”. in its long-term success. “
This understanding allows Exor NV, which has a 14.4% stake in Stellantis, and Peugeot 1810, which has a 7.2% stake, to exchange opinions, although it leaves them free to vote as they wish.