Stellantis will invest more than $30 billion (£21.8bn) in new electrification and software technology by the end of 2025, with a commitment to offering EVs models from all of its 14 brands and investing in five battery factories. Vauxhall-Opel will become an all-electric brand in Europe by 2028.
The company – whose brands are Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall – has targeted low-emissions vehicles (LEV) accounting for more than 70% of its European sales and 40% of its US sales by 2030. The LEV term includes both electric cars and plug-in hybrids. By 2030, Stellantis expects BEVs to account for no less than 80% of its BEV mix.
The plans were outlined during the Stellantis EV Day event, where the firm made a series of new commitments to electrification and reaffirmed previous pledges.
Opel – including Vauxhall in the UK – will become an electric-only brand in Europe by the end of 2028 in both passenger cars and commercial vehicles. The firm will also expand into the Chinese market with a range of EVs.
The German brand has also confirmed that it will revive the Manta name for a new EV. Opel has previously shown an electric restomod version of the Manta, but a teaser of this latest car shows it will be entirely unrelated, with the concept's low-slung retro silhouette making way for a high-riding and altogether more SUV-esque proposition.
Peugeot has also committed to accelerating its EV sales, and its line-up will be fully electrified by 2025.
As previously announced, Fiat will become electric-only by 2030, with the exact date determined by customer demand, and will launch a new dedicated EV in 2024. Its performance offshoot, Abarth, will also go electric-only.
American brand Dodge will launch an electric muscle car by 2024, while truck maker Ram will launch a new 1500e electric pick-up. Jeep says it will offer an EV powertrain on all of its models.
Stellantis EVs will be based around four ‘BEV-by-design’ platforms and powered by a family of three electric drive modules, with standardised battery packs. They will offer ranges varying from 300 to 500 miles.
Stellantis has also committed to securing more than 260GWh of EV battery production by 2030, through five dedicated battery factories in Europe and North America.
Boss Carlos Tavares said that the major investment will allow Stellantis “to offer [customers] iconic vehicles that have performance, capability, style, comfort and electric range that fit seamlessly into their daily lives.”