Stellantis to Expand Electric-vehicle Charging Options in North America With Adoption of Proposed SAE Standard J3400 Connector
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The adoption of the SAE J3400 connector by Stellantis signifies a strategic move to standardize electric vehicle (EV) charging infrastructure, which is crucial for the widespread adoption of BEVs. This initiative aligns with the broader industry trend towards interoperability and could catalyze further investments in charging infrastructure. By ensuring compatibility with both the new SAE J3400 and the existing CCS, Stellantis is mitigating the risk of technological obsolescence and enhancing customer convenience. This move may also influence stock market sentiment positively, as it demonstrates Stellantis's commitment to innovation and customer-centric solutions in the rapidly evolving EV market.
Stellantis's focus on renewable energy for its IONNA charging network aligns with the company's Dare Forward 2030 strategy to become a carbon net-zero corporation by 2038. This could have a positive impact on the company's Environmental, Social and Governance (ESG) ratings, which are increasingly relevant to investors. The use of renewable energy sources in powering EV charging stations not only bolsters the environmental narrative but also offers a hedge against volatile fossil fuel prices. This strategic direction may be well received by the market, as it positions Stellantis as a forward-thinking player in the sector, potentially enhancing its long-term valuation and appeal to sustainability-focused investors.
Stellantis's announcement could potentially disrupt the EV charging market by setting a precedent for open standards and interoperability. The joint venture's goal to install at least 30,000 high-powered charge points by 2030 indicates significant market expansion and the potential for increased revenue streams. This expansion is likely to attract attention from investors monitoring the growth prospects of the EV sector. By offering charging options that accommodate different connectors, Stellantis is likely to gain a competitive edge, which may translate into increased market share and customer loyalty. These factors are essential for evaluating the company's future performance and the potential impact on its stock price.
- Battery-electric vehicles (BEVs) from Stellantis brands in
North America will adopt the proposed SAE J3400 connector, starting with select models in 2025 - During the transition period, Stellantis will also make adapters available for vehicles fitted with the Combined Charging System (CCS) port, enabling drivers to access a growing private and public J3400 infrastructure to meet J3400/1 requirements still being developed this year
- Builds upon IONNA charging network joint venture announced by Stellantis and six other major global automakers targeting to install at least 30,000 high-powered charge points in
North America urban and highway locations by 2030, where Stellantis customers will be able to charge natively with J3400 and CCS - Expands charging options for Stellantis customers and helps the company fulfill the ambitions of its Dare Forward 2030 strategy, including to become a carbon net-zero corporation by 2038
Stellantis today announced its adoption of the upcoming SAE J3400 charging connector, starting with select battery-electric vehicle (BEV) models launching in
"Customers win when the industry aligns on open standards. We are happy to announce our backing and adoption of the SAE J3400 connector, a milestone for all customers on the path to open and seamless charging," said Ricardo Stamatti, Stellantis SVP of global energy & charging. "Our Dare Forward 2030 strategic plan puts customers at the center of open interoperability and freedom of mobility for all. This future will be amplified by IONNA, our public charging joint venture with six other OEMs that will deliver industry-leading high-powered charging for all battery-electric vehicles regardless of brand."
Today's announcement builds upon the IONNA charging network joint venture announced in June 2023. Stellantis has joined with six other world-leading automakers to develop a high-powered charging network with at least 30,000 charge points in urban and highway locations across
With a focus on delivering an elevated customer experience, the network will use renewable energy to provide reliability, high-powered charging capability, digital integration, appealing locations and various amenities while charging.
Charging stations will be accessible to all BEV customers, offering both Combined Charging System and J3400 connectors natively.
The first charging stations from this joint venture are expected to open in 2024.
Stellantis North America
Stellantis (NYSE: STLA) is one of the world's leading automakers, aiming to provide clean, safe and affordable freedom of mobility for all. In
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FAQ
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