Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Stellantis just made an ‘aggressive’ commitment of $ 35.5 billion for electric vehicles

Stellantis just made an ‘aggressive’ commitment of $ 35.5 billion for electric vehicles





CNN

Stellantis, the giant automaker formed by the merger of Fiat Chrysler Automobiles and France’s PSA, plans to invest $ 30 billion. Euro or 35.5 billion. Dollar in late 2025 to expand its portfolio of electrified vehicles.

The company plans 70% of its sales in Europe and 40% of sales in the US to be either fully electric or plug-in hybrid (but with a large majority of these vehicles fully electric) within four years Stellantis CEO Carlos Tevares said during an online presentation.

“[The plan] is among the most aggressive electric vehicle commitments the industry has yet seen, ”said Karl Brauer, an industry analyst at ISeeCars.com.

Among the upcoming offers will be an all-electric muscle car from Stellantis’ Dodge brand, as well as an all-electric frame pickup.

The new Dodge is expected in 2024. Dark images in Stellantis’ video presentation shows that it has sharp corners and retro styling, just like the current Dodge Challenger. It also shows an illuminated version of Dodge’s triangular 1960s logo.

Internal combustion engines, which in 807 horsepower Dodge Challenger SRT Super Stock reach their performance limits, so Dodge is now working on a fully electric muscle car.

Stellantis

Internal combustion engines, which in 807 horsepower Dodge Challenger SRT Super Stock reach their performance limits, so Dodge is now working on a fully electric muscle car.

Dodge CEO Tim Kuniskis offered no further details, but made it clear that Dodge will continue as a high-performance performance brand. However, it is clear that electric cars offer real performance competition to the traditional combustion V8 engines that Dodge is famous for. Tesla’s electric Model S four-door sedan can now at least match the performance of the traction strip for a highly specialized Dodge performance coupe, like the Challenger Demon.

Kuniskis admitted that engineers reach the performance limits of internal combustion engines and now require at least some help from electric motors to get big gains in power and performance. Even exotic sports car manufacturers, such as Ferrari and McLaren, are introducing plug-in hybrids, not only as a way to beat emission standards, but as a way to increase speed.

As part of its electrification plan, Stellantis is setting up four different electric vehicles “Platforms” or nuclear settings. One will be for compact vehicles such as the Fiat 500, one for medium-sized vehicles such as medium-sized sedans and crossovers and another for larger vehicles, such as SUVs, large sedans or minibuses. All of these contain battery packs in the floor of the vehicle.

A fourth platform is constructed with a separate metal frame with the battery packs between the frame rails. This structure, similar to the one Ford uses in the all-electric F-150 Lightning pickup, will be for trucks like the electric Ram 1500 pickup, which is also scheduled for 2024.

The electric vehicles will be able to drive up to about 500 miles on a single charge, according to Stellantis. The company expects that the total cost of ownership of electric vehicles, including fuel and insurance costs, by 2026 will be the same as for combustion-powered vehicles without government incentives.

The company is planning a complete series of electrical and plug-in hybrids trucks and commercial vehicles. These will include those with a new technology that Stellantis calls the Range Electric Paradigm Breaker. Without giving any details, Stellantis executives promised that it would allow towing and towing without worrying about reduced range.

Jeep promises more plug-in vehicles like this Grand Cherokee 4xe.

Stellantis

Jeep promises more plug-in vehicles like this Grand Cherokee 4xe.

Stellantis will too operates five large battery factories in North America and Europe, and the company expects to have made progress in solid state battery technology by 2026. Solid state batteries can have much higher energy densities than the batteries currently used in electric cars that use liquids, and possibly increase range while reducing both weight and charging time.

Opel, a brand PSA acquired from General Motors in 2017, will only sell electric vehicles in Europe and will also return to the Chinese market by 2028. Fiat, which already sells the electric Fiat 500, will also become an all-electric brand in Europe.

The head of Stellantis ‘Jeep brand, Christian Meunier, said Jeep will have a zero-emission option for every model it sells by 2025. It will include a brand new off-road Jeep model, according to Stellantis’ chief designer Ralph Gilles.

Even with all these investments, Stellantis said it expects to increase its profitability over the next many years thanks to technological improvements and cost savings from the merger.


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