Stellantis’ four new EV platforms to each support 2 million vehicles annually

Stellantis’ four new electrified platforms are expected to each underpin the production of 2 million vehicles annually, the automaker’s head for Italy said on Wednesday.

Since the creation of the world’s fourth-largest automaker at the start of this year through the merger of Fiat Chrysler and PSA, Chief Executive Carlos Tavares has pushed for a move toward combining the group’s 14 brands to achieve a goal of more than 5 billion euros ($5.8 billion) in annual synergies and speed up its transition to cleaner mobility.

Stellantis will invest more than 30 billion euros through 2025 on electrifying its auto lineup. As part of this plan, the automaker has announced it was setting up four new platforms.

“The four platforms are designed with a high level of flexibility and parts sharing, to create scale economies,” said Santo Ficili, Stellantis country manager for Italy.

“In this way, each platform will be able to support (the production of) up to 2 million units every year”.

The automaker is targeting for over 70% of its sales in Europe to come from low-emission vehicles by 2030, and intends to make the total cost of owning an electric vehicle the same as that of a gasoline-powered model by 2026.

Ficili said that while costs involved in the production of electric cars were higher compared to traditional combustion engine models and as such there was a more urgent need to focus on giving buyers access to electric vehicles through better financing and more extensive charging facilities.