Stellantis is expecting double-digit returns through 2030 on its move to electric vehicles (EVs), as detailed in its strategic plan Dare Forward 2030 by the company’s head in a recent presentation.
Stellantis plans to target 300 billion euros ($335 billion USD) in revenue per year by the decade’s end as part of Dare Forward 2030, as it accelerates a major move to EV units, according to Automotive News.
Stellantis CEO Carlos Tavares emphasizes the automaker’s experience in the industry as the reason the company expects to scale production and, in turn, revenue so significantly in the years to come.
Stellantis Plans Level 3 Self-Driving with BMW for 2024; Level 4/5 with Waymo https://t.co/Qw9tnkwYiR
— TeslaNorth.com (@RealTeslaNorth) December 9, 2021
Stellantis, which owns brands Chrysler, Fiat, Jeep, Ram and Peugeot, plans to unveil as many as 75 EVs by 2030, in addition to selling 5 million electric models per year by the end of the decade.
The conglomerate aims for 100% of sales in Europe to be fully battery-electric by 2030, and 50% in the U.S. for the same timeframe.
Created last March, Stellantis was the result of a merger of PSA Group and Fiat Chrysler.
In the conglomerate’s second year of existence, it plans to focus on the Chinese auto market and catching up with U.S. EV giant Tesla.
In January, Stellantis announced a partnership with Amazon to develop software for its cars beginning in 2024.
