(BRIEF) Stellantis has unveiled an ambitious €5. 6 billion investment plan in South America, marking the largest investment ever made in the region’s automotive industry. This truly extensive investment will run from 2025 to 2030 and will facilitate the arrival of more than 40 new products, the progression of state-of-the-art decarbonization technologies, and the exploration of new advertising avenues. The investment underscores Stellantis’ unwavering commitment to regional expansion and aligns with its Dare Forward 2030 net 0 carbon goals. With a focus on clean, safe products and affordable mobility, Stellantis aims to strengthen its leadership position in South America while propelling the region towards a more sustainable future. In addition, the investment will help the deployment of cutting-edge biohybrid technologies, reinforcing Stellantis’ pioneering role in driving automotive innovation in the region.
(PRESS RELEASE) AMSTERDAM, March 7, 2024 — /EuropaWire/ — Stellantis has announced a record investment plan for the South American region totaling €5. 6 billion (R$30 billion) from 2025 to 2030, making it the largest investment in the history of the Brazilian and South American automotive industry. The planned investments will help the launch of more than 40 new products during the era, as well as the progression of new biohybrid technologies, cutting-edge decarbonization technologies in the automotive supply chain, and new strategic business opportunities.
Stellantis’ investment strengthens its leadership in the region, strengthens local industry progress, and accelerates the achievement of the Dare Forward 2030 long-term strategic plan while the region maintains its leadership in delivering clean and affordable mobility in Brazil and South America. .
“This announcement reinforces our confidence and commitment to the long-term of the South American automotive industry and is a reaction to the favorable business environment here,” said Carlos Tavares, CEO of Stellantis. “As a critical component of our expansion of the ‘third engine’ strategy, South America will play a leading role in accelerating the decarbonization of mobility with our employees, source chain network and components. I would like to thank one and both team members who contributed to the creation and execution of our investment strategy. so that together we can achieve our industry-leading carbon neutrality ambition.
As part of its Dare Forward 2030 strategic plan, Stellantis is investing more than €50 billion in electrification over the next decade and is on track to become a carbon-neutral company by 2038 across the board, with a single-digit percentage remaining. proceeds. South America plays a leading role in the “third engine,” the aggregation of the South America, Middle East and Africa, China, India, and Asia Pacific segments, and is a thriving contributor to the expansion of Stellantis’ profit targets outside its borders. North America and Europe.
New propulsion with biohybrid technologies
One of the beneficiaries of this investment is Bio-Hybrid technologies, which combine electrification with hybrid engines powered by biofuels (ethanol) in 3 other levels. Stellantis’ plant in Betim, Brazil, is the company’s global center of expertise in bio-hybrid technology. , continuing its legacy of innovation. Stellantis, under the Fiat brand, has been a pioneer in the progression and application of biofuel engine technology, using one hundred percent ethanol. In the future, the region will also produce a battery electric vehicle (BEV).
The production of the first cars supplied with Bio-Hybrid generation is flexible and can be incorporated into other models manufactured by Stellantis. It is compatible with all of the Company’s production lines in the region. New hybrid and electric technologies are expected for national engineering and industry. The Bio-Hybrid generation is supported by 3 hybrid powertrains that will be produced and gradually launched on the market. These new technologies come with Bio-Hybrid, Bio-Hybrid Electrified Dual Clutch (eDCT), Bio-Hybrid Plug-In, and BEV (100% electric) transmissions. The new hybrid technologies will not be available until the end of 2024.
Stellantis strengthens its presence in South America
Stellantis is a leader in the top 3 Marketplaces in South America: Brazil, Argentina and Chile. Last year, Stellantis’ total sales in the region exceeded 878,000 vehicles, with a Marketplace percentage of 23. 5%. The Company is the sales leader in Brazil with a market share of 31. 4% and maintains its leadership in sales of light advertising vehicles in South America, with a market share of 28. 6%. Fiat is the best-selling brand in Brazil and South America, and the Fiat Strada pickup is the best-selling vehicle in the country and region.
With this investment, Stellantis will be better prepared to design, expand and produce modern vehicles in the region, while expanding its business. In Argentina, for example, the company acquired a 19. 9% stake in Argentina Litio y Energía S. A. , an important step toward creating a sustainable battery fabric cluster to meet the electrification targets set out in its global plan.
In addition, through the acquisitions of Norauto and DPaschoal, Stellantis has the largest distributor of auto parts in South America and plans to further expand its presence in the aftermarket segment.
About Stellantis
Stellantis N. V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a leading global automaker committed to delivering clean and affordable mobility freedom for all. It is best known for its exclusive portfolio of iconic, cutting-edge brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia®, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, and Leasys. Stellantis is executing its Dare Forward 2030, an ambitious strategic plan that paves the way for the ambitious goal of building a net-zero carbon mobility generation company by 2038, with a single-digit percentage offsetting of remaining emissions, while creating added value for all. . stakeholders. For more information, scale in www. stellantis. com.
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SOURCE: Stellantis SA
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