Stellantis CEO says automaker won't sell EVs at a loss like other carmakers

Carlos Tavares, CEO of Stellantis, poses throughout a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.

David Dee Delgado | Reuters

Stellantis will not sell electrified autos resembling hybrids and all-electric fashions at a loss like other automakers have, CEO Carlos Tavares stated Friday.

Tavares, who has been skeptical round client adoption of EVs, stated the corporate is at present making a living on its electrified autos and can proceed to take action with its next-generation autos, which Stellantis launched further particulars of Friday.

“Being in Europe as a lot as within the U.S., we’re making a living with the electrified autos,” Tavares stated throughout a roundtable Friday. “We are making a living, and it’s in our self-discipline to make it possible for no matter we sell we become profitable with as a result of, if not, then the corporate won’t be sustainable.”

Some automakers, together with one in every of Stellantis’ predecessors, Fiat Chrysler, have offered EVs at a loss to spur gross sales, meet gas financial system requirements or construct up capability in hopes of ultimately making the autos worthwhile.

Stellantis at present has 25 EVs accessible globally and expects to launch one other 23 via the top of this yr.

The firm beforehand introduced an all-electric version of the Jeep Wrangler SUV and a Dodge muscle automotive. An all-electric version of the Ram 1500 pickup can also be anticipated to be launched early subsequent yr.

Tavares stated the automaker stays dedicated to its plans to take a position 50 billion euros ($54.4 billion) in electrified autos and associated applied sciences via 2030, regardless of a slower-than-expected adoption in many countries.

“There isn’t any such factor as slowing down for the EV roadmap for Stellantis,” he stated Friday throughout a digital media roundtable.

However, Tavares did say these plans may change based mostly on client demand and potential political adjustments that would consequence from elections this yr within the U.S. and Europe.

New structure

A couple of of Stellantis’ forthcoming autos will likely be on the corporate’s “STLA Large” platform, which it revealed particulars of Friday.

The “STLA Large” platform is only one of 4 architectures, or brains of the automobile, that may help the corporate’s next-generation fashions.

The firm stated it plans to launch eight new autos, together with all-electric fashions, on its latest “STLA Large” platform that may underpin the autos via 2026. Stellantis didn’t specify what number of of these autos could be electrical, because the platform will be capable to help other propulsion methods as nicely, resembling plug-in hybrid electrical autos (PHEVs), non-plug-in hybrids and conventional inside combustion engines.

Stellantis stated the EV fashions on the Large platform will likely be accessible in 400-volt and 800-volt battery electrical automobile architectures, permitting for a number of charging speeds and driving vary of roughly 500 miles for sedans.

Tavares stated autos on the platform will first be launched within the North American market, beginning with the Dodge and Jeep manufacturers, adopted by Alfa Romeo, Chrysler and Maserati.

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