Stellantis Presents Plan to Invest $35B in Electrification Through 2025
July 9, 2021—Stellantis presented a plan Wednesday to invest approximately $35.5 billion in electrification and software through 2025.
The presentation outlined a comprehensive plan for a large scale investment into EVs through the next decade, with the ultimate goal of more than 70 percent of European sales and 40 percent of U.S. sales to be low-emissions vehicles by 2030.
According to a news release from Stellantis, the plan also includes the creation of "four flexible BEV-by-design platforms, scalable family of three electric drive modules and standardized battery packs to cover all brands and segments," as well as a solid state battery to be introduced by 2026.
"Stellantis intends to become the market leader in low-emission vehicles (LEVs)," the release stated. "The company remains committed to growing its commercial vehicle leadership in Europe and strengthening its position in North America while aiming to be the global leader in e-commercial vehicles."