Dec 7, 2021

2 min read

Stellantis targets €20 billion by 2030 from software-enabled vehicles

Stellantis targets €20 billion by 2030 from software-enabled vehicles

At the company’s Software Day 2021, it outlined how it will get to 34 million monetizable connected cars by 2030, deploy three AI-powered technology platforms starting in 2024, and outlined strategic partnerships like an expanded relationship with Foxconn for semiconductors.
Stellantis N.V. today at its Software Day 2021 mapped out its software strategy to deploy platforms it says will generate about €20 billion in incremental annual revenues by 2030. The transformation will move its brands’ vehicles from dedicated electronic architectures to an open software-defined platform that will greatly expand the options customers have to add innovative features and services via regular over-the-air (OTA) updates.

“Our electrification and software strategies will support the shift to become a sustainable mobility tech company to lead the pack, leveraging the associated business growth with over-the-air features and services, and delivering the best experience to our customers,” said Carlos Tavares, Stellantis CEO. “With the three all-new AI-powered technology platforms to arrive in 2024, deployed across the four STLA vehicle platforms, we will leverage the speed and agility associated with the decoupling of hardware and software cycles.”

Stellantis plans to invest more than €30 billion through 2025 to execute its software and electrification transformation. Its software strategy comes after the company announced its vehicle electrification plans at EV Day in July 2021, which targets that more than 70% of its vehicle sales in Europe and more than 40% of vehicle sales in the U.S. will be “low emission vehicles” by 2030. It pledged that each of the company’s 14 bran
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