Stellantis Targets About EUR 20 Bln In Annual Revenues By 2030

(RTTNews) - Stellantis N.V. (STLA), comprising Fiat Chrysler Automobiles N.V. and France's Peugeot S.A., said Tuesday that it targets about 4 billion euros in annual revenues by 2026 and about 20 billion euros by 2030, driven by software-enabled product offerings and subscriptions.

Stellantis said that now, it has 12 million monetizable connected cars globally. By 2026, it is expected to grow to 26 million vehicles and by 2030, it will reach 34 million vehicles.

The automaker plans to invest more than 30 billion euros through 2025 to execute its software and electrification transformation.

Three all-new, AI-powered, technology platforms will be deployed at scale, starting in 2024: STLA Brain, STLA SmartCockpit and STLA AutoDrive.

Stellantis noted that it is creating a software and data academy to retrain more than 1,000 internal engineers in multiple roles and develop its software community.
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