TLG - Media, page-4979

Stellantis said at its "EV Day 2021" that it is targeting more than 70% of sales in Europe and over 40% in the United States to be low-emission vehicles - either battery or hybrid electric - by 2030. It aims to make the total cost of owning an EV equal to that of a gasoline-powered model by 2026.

It said all 14 of its vehicle brands - including Peugeot, Jeep, Ram, Fiat and Opel - will offer fully electrified vehicles. Another focus will be electrifying its commercial vehicle lineup, and rolling out hydrogen fuel-cell medium vans by the end of 2021.

Stellantis said on Thursday that one of the five battery plants will be at its engine facility in Termoli, Italy, joining previously announced factories in Germany and France. The automaker has also said it will put one in the United States.

It wants to secure more than 130 gigawatt hours (GWh) of battery capacity by 2025 and more than 260 GWh by 2030. Stellantis said it has signed memorandums of understanding with two lithium geothermal brine process partners in North America and Europe to ensure supplies of lithium, a critical raw material for batteries.

Stellantis said it is targeting cutting battery pack costs by more than 40% from 2020 to 2024 and by more than an additional 20% by 2030. It plans to use two battery chemistries by 2024 - a high energy-density option and a nickel cobalt-free alternative. By 2026, it intends to introduce solid-state batteries.