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Stellantis aims to enhance its European financing activities through exclusive negotiations with BNP Paribas Personal Finance, Crédit Agricole Consumer Finance, and Santander Consumer Finance. This initiative focuses on creating a leading operational leasing group and restructuring financing operations, targeting a multi-brand leasing company with equal stakes from Stellantis and CACF. The agreements are expected to finalize in Q1 2022, with completion anticipated during the first half of 2023.
Stellantis has partnered with Foxconn to design flexible semiconductors targeting the automotive industry. This collaboration aims to enhance Stellantis' new STLA Brain architecture, which will significantly modernize components, reduce complexity, and streamline the supply chain.
The partnership will enable Stellantis to cover over 80% of its semiconductor needs and is expected to integrate products into vehicles by 2024. This agreement is part of Stellantis' broader strategy to address supply chain challenges as it transitions to software-defined vehicles.
Stellantis aims for approximately €20 billion in incremental annual revenues by 2030 through software-enabled vehicles. The strategy includes generating around €4 billion annually by 2026 from monetizable connected cars, with investments exceeding €30 billion by 2025. Stellantis forecasts 34 million monetizable connected vehicles by 2030. Key technology platforms, such as STLA Brain and STLA SmartCockpit, will launch in 2024, enhancing software capabilities. Partnerships with Foxconn and Waymo are integral to this transformation, focusing on innovation and efficiency.
Stellantis has entered a joint development agreement with Factorial Energy to advance solid-state battery technology for electric vehicles. This strategic partnership includes a significant investment from Stellantis, aiming to enhance the efficiency and safety of electric vehicle batteries. Factorial's FEST™ technology promises to improve driving range by 20-50% compared to conventional batteries while maintaining compatibility with existing manufacturing systems. Stellantis targets to introduce competitive solid-state batteries by 2026, marking a step toward innovation in its electric vehicle portfolio.
Stellantis has signed a five-year agreement with Vulcan Energy Resources for the supply of battery-grade lithium hydroxide, crucial for its electrification strategy. Shipments will commence in 2026, supporting Stellantis' target of having over 70% of its vehicle sales in Europe as low-emission vehicles by 2030. The agreement aligns with Stellantis' investment of over €30 billion in electrification through 2025. Vulcan's Zero Carbon Lithium™ Project aims to produce lithium sustainably, leveraging geothermal energy and minimizing carbon footprint.
Stellantis will host its Software Day 2021 on December 7, 2021, at 4:00 p.m. CET / 10:00 a.m. EST. CEO Carlos Tavares will outline the company's software strategy aimed at enhancing connected and efficient mobility across its 14 iconic brands. Interested parties can access the event details on the Stellantis corporate website, with a replay available post-event.
Stellantis is committed to providing distinctive and affordable mobility solutions while focusing on sustainable performance and customer-centric innovations.
Stellantis has launched Stellantis & You, Sales and Services, a new name for its retail division in Europe and Morocco, reflecting the merger of PSA Retail and Motor Village. This rebranding is aimed at enhancing customer experience through a new digital marketplace, stellantisandyou.com, featuring e-reservation capabilities for car purchases. By 2030, the company aims to achieve 25% online sales, improve profitability by 50%, and lead the energy transition with a focus on carbon neutrality.
Stellantis has successfully completed the acquisition of First Investors Financial Services Group, now renamed Stellantis Financial Services US Corp. This strategic move aims to establish a full-service captive finance arm in the U.S., enhancing the company's financial offerings to customers, dealers, and partners. The acquisition aligns with Stellantis' growth plans, providing retail loans, leases, and floorplan financing. Experienced leadership will remain in place to support this transition, which is expected to create long-term value for shareholders.
Stellantis N.V. reported net revenues of €32.6 billion for Q3 2021, showcasing a resilient performance despite ongoing semiconductor shortages. The company confirmed its full-year guidance, highlighting successful product launches and commercial actions that helped mitigate supply chain challenges. Stellantis continues to adapt to market demands, reinforcing its commitment to delivering shareholder value and maintaining operational momentum.
Stellantis and Samsung SDI have entered into a memorandum of understanding to establish a joint venture for lithium-ion battery production in North America, aiming to enhance Stellantis’ electric vehicle capabilities.
The new battery plant is expected to start operations in 2025, with an initial capacity of 23 gigawatt hours, expandable to 40 gigawatt hours. This strategic alliance supports Stellantis’ goal of achieving 40% electrified vehicle sales in the U.S. by 2030, backed by a €30 billion investment in electrification and software development.
