Stellantis to convert 90% of its vehicles to electric or hybrid

News  /   July

Amsterdam, Netherlands

Carlos Tavares, CEO, Stellantis said that by 2025, 98% of its models in Europe and North America will have fully electric or plug-in gas-electric hybrid versions. He added that the combined Fiat Chrysler and Peugeot is developing four fully electric vehicle platforms with ranges from 500 kilometers (311 miles) to 800 kilometers (497 miles). It also will have three electric drive modules to power all of its vehicles, and Stellantis will take advantage of its scale to reduce electric vehicle costs.

The company plans to introduce solid-state battery technology by 2026 that can store more energy than current versions.

Tavares also said that will spend at least $35.6 billion over the next five years on EVs. It will build five battery factories in the U.S. and Europe and convert plants that now build internal combustion engines and transmissions into battery cell factories. Of the five battery plants, three will be in Europe, including conversion of the Termoli plant in Italy.

 Image Source: Google Images

Source: News 18

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