Thursday, July 29

Stellantis announces million-dollar investments in electrification and electric models with up to 800 km of autonomy

Days ago, the Stellantis automobile consortium, the result of the merger of the PSA and FCA groups, has organized an event, called EV Day 2021, in which it has outlined its global electrification strategy for the coming years and pointed out interesting details about the specific orientation of each of its 14 brands, as well as the precise destination of one of them, Opel, which will become 100% electric from 2028.

The company will offer electric models in all brands (Peugeot, Citroën, DS, Opel, Vauxhall, Fiat, Alfa Romeo, Lancia, Maserati, Abarth, Jeep, Chrysler, Dodge and RAM) and will invest more than 30,000 million euros in electrification and software until 2025, a figure that includes capital outlay in joint ventures to finance their activities.

Carlos Tavares, CEO of Stellantis, spoke at the event, broadcasting on-line, to state: “Our path to electrification is arguably the most important piece when we began to reveal the future of Stellantis just six months after it was born, and now the company is moving full steam ahead to exceed all customer expectations and accelerate our role in redefining the way the world moves. ”

The Portuguese executive also referred to the profits they expect to obtain from the operations they plan to deploy: “We have the dimensions, the knowledge, the spirit and the sustainability necessary to achieve a current double-digit operating profit, to lead the sector with efficiencies. reference and offer electrified vehicles that fall in love ”, he pointed out.

The consortium’s plan calls for becoming a market leader in low-emission vehicles, known as LEVs. Until 2030, the goal is for the mix LEV of passenger cars in Europe achieved a sustained growth of more than 70%, 10 percentage points above the current forecasts of the sector compared to the market in general. In the US, the percentage of low-emission passenger cars and light trucks is expected to exceed 40% in that year.

As expected, the plant intended to manufacture batteries that Vigo opted for will finally be built at FCA’s facilities in Termoli (Italy). This will be the third gigafactory planned by the group on European soil, along with those announced in Germany and France, joined by two others to be installed in North America. With all of them, Stellantis ensures the generation of 130 GWh by 2025 and up to 260 GWh by 2030.

The affordable nature of electric vehicles is one of the priorities declared by Carlos Tavares. Hence, the company aims for the total cost of ownership of battery models to be equivalent to that of those equipped with an internal combustion engine by 2026. This will be possible thanks to a reduction in the cost of battery packs of more than 40% between 2020 and 2024, and an additional 20% by 2030.

Four platforms and 32 kilometers of autonomy per minute

All the group’s models will be based on four electric platforms that will accommodate batteries with the capacity to reach autonomies of between 500 and 800 kilometers, as well as to recover 32 kilometers for every minute that they remain connected to a high-power direct current charging point. .

The platforms are designed with a high level of flexibility, in terms of length and width, and with shared components, which generates economies of scale since each of them will be able to support the production of up to two million units per year.

The battery packs will be adapted to various types of vehicles, from those for small city cars to those for high energy density for high-powered vehicles and trucks. Stellantis aims to have two battery chemistries in 2024 to meet different needs: a high energy density option and a nickel- and cobalt-free alternative. In 2026 it is planned to introduce the first competitive solid-state battery technology.

The group also wants to strengthen its leadership in commercial vehicles in Europe and its position in North America, with the aim of being a global leader in electric commercial vehicles. “By harnessing knowledge and adopting synergies,” he says, electrification will be extended to all products and regions in the next three years, and will include the offer of medium-sized commercials powered by hydrogen fuel cells, which They will reach the market at the end of this year 2021.

In the context of EV Day 2021, the positioning that Stellantis has reserved for each of the 14 brands in its catalog has become known. In the case of Opel, it has even been revealed that from 2028 it will only market electric vehicles, that it will enter the Chinese market – already as a 100% electric brand – and that it will recover the legendary Manta as a battery-powered car.

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