Stellantis has unveiled its electrification strategy, which will deliver class-leading vehicles for the company’s iconic brands, at its first EV Day event.
Stellantis intends to become the market leader in low emission vehicles. Through 2030, the company’s Low Emision Vehicle (LEV) mix for passenger cars in Europe is targeted to steadily grow to over 70 percent. In the U.S., the mix for passenger cars and light-duty trucks is expected to be more than 40 percent by 2030.
To execute this strategy, Stellantis plans to invest more than €30 billion through 2025 in electrification and software development, including equity investments made in joint ventures to fund their activities.
The electrification roadmap encompasses the entire value chain. The company’s EV battery sourcing strategy is to secure more than 130 gigawatt hours (GWh) of capacity by 2025 and more than 260 GWh by 2030. The EV battery and component needs will be met with a total of five Gigafactories in Europe and North America, completed with additional supply contracts and partnerships to support total demand.
Stellantis’ technical expertise and manufacturing synergies are expected to drive battery costs lower. Electric vehicle battery pack costs are targeted to be reduced by more than 40 percent from 2020 to 2024 and by more than an additional 20 percent by 2030.
Electrification is not a “one size fits all” plan at Stellantis. Each of the company’s 14 iconic brands, which include Fiat, Peugeot, Citroen and Vauxhall, is committed to offering best-in-class fully electrified solutions and doing so in a way that enhances the DNA of each brand. The goal is to deliver BEVs that will have ranges between 300-500 miles/500-800 km and class-leading fast charging capability of 20 miles/32 km per minute.
Four BEV dedicated platforms are the backbone of the electrified vehicles from Stellantis brands. The platforms are designed with a high level of flexibility (both in length and width) and component sharing, delivering economies of scale as each platform can support production of up to two million units per year.
Battery packs will be tailored for a variety of vehicles – from smaller city cars to energy-dense packs for performance vehicles and trucks. Use of two battery chemistries is planned by 2024 to support various customer needs: a high energy-density option and a nickel cobalt-free alternative. By 2026, the first competitive solid state battery technology is targeted to be introduced.
Propulsion includes a family of three electric drive modules (EDM) that combine the motor, gearbox and inverter. These EDMs are compact, flexible and can be easily scaled. The EDMs can be configured for front-drive, rear-drive, all-wheel drive and 4xe, the technology used in the company’s Jeep brand.
The strategy laid out by the company will ensure that Stellantis powers the freedom of movement in the most efficient, affordable and sustainable way, according to Carlos Tavares, Chief Executive Officer, Stellantis.
“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 expectation and accelerate our role in redefining the way the world moves,” he said.
Stellantis has also recently committed £100 million to manufacturing EVs at its UK Vauxhall plant in Ellesmere.