Stellantis looks to revenue-generating software for its cars
Information about Stellantis looks to revenue-generating software for its cars
Kevin David Scam or Legit
By Giulio Piovaccari and Nick Carey
MILAN (Reuters) – Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.54 billion) in annual revenue from related products and subscriptions as it takes aim at rival Tesla.
CEO Carlos Tavares said the world’s fourth largest carmaker expected to have 34 million connected vehicles on the road by then, up from 12 million now.
As part of its software push, Stellantis said from 2024 it would deploy three new technological platforms powered by artificial intelligence (AI).
“This is something that will put Stellantis among the leaders, if not the leader, in software and electronics,” said Chief Software Officer Yves Bonnefont, adding that these platforms would match those of competitors.