Stellantis CEO Carlos Tavares speaks at the New York International Auto Show in Manhattan, New York, April 5, 2023.
David Dee Delgado | David Dee Delgado Reuters
star Chief Executive Carlos Tavares said on Friday the company would not sell electric vehicles such as hybrids and all-electric models at a loss, as other automakers do.
Tavares, who has been skeptical of consumer adoption of electric vehicles, said the company is making money on its electric vehicles and will continue to do so with its next-generation vehicles, with Stellantis unveiling more details on Friday.
“We are making money with electric vehicles, both in Europe and in the United States,” Tavares said during a roundtable on Friday. “We are making money, and our discipline is to make sure that whatever we sell, we make money, Because if you don’t make money, then the company won’t be sustainable.”
Some automakers, including Fiat Chrysler, one of Stellantis’ predecessors, have sold electric vehicles at a loss to boost sales, meet fuel economy standards or expand production capacity in hopes of eventually making the cars profitable.
Stellantis currently has 25 electric vehicles worldwide and is expected to launch 23 more models by the end of this year.
The company previously unveiled all-electric versions of the Jeep Wrangler SUV and Dodge muscle car. An all-electric version of the Ram 1500 pickup truck is also expected to be released early next year.
Tavares said the automaker remained committed to investing 50 billion euros ($54.4 billion) in electric vehicles and related technologies by 2030, despite slower-than-expected adoption in many countries. plan.
“Stellantis’ electric vehicle roadmap is not slowing down,” he told a virtual media roundtable on Friday.
However, Tavares did say those plans could change based on consumer demand and potential political changes that could result from U.S. and European elections this year.
new architecture
Some of Stellantis’ upcoming vehicles will appear on the company’s “STLA Large” platform, details of which were revealed on Friday.
The “STLA Large” platform is just one of four architectures, or vehicle brains, supporting the company’s next-generation models.
The company said it plans to launch eight new vehicles, including all-electric models, on its latest “STLA Large” platform, which will support these vehicles by 2026. Stellantis did not specify how many of those vehicles will be electric, as the platform will also be able to support other propulsion systems such as plug-in hybrid electric vehicles (PHEV), non-plug-in hybrids and conventional internal combustion engines.
Stellantis said EV models on the Large platform will use 400-volt and 800-volt battery electric vehicle architectures, allowing for multiple charging speeds and a driving range of about 500 miles for the sedan.
Tavares said vehicles on the platform will be released first in North America, starting with the Dodge and Jeep brands, followed by Alfa Romeo, Chrysler and Maserati.
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