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Stellantis Targets ~€20 Billion In Incremental Annual Revenues by 2030 Driven by Software-Enabled Vehicles

Stellantis Targets ~€20 Billion In Incremental Annual Revenues by 2030 Driven by Software-Enabled Vehicles
  • Approximately €4 billion in annual revenues by 2026 and ~€20 billion by 2030, generated by software-enabled product offerings and subscriptions
  • More than €30 billion of investments planned through 2025 to execute software and electrification transformation
  • 34 million monetizable connected cars expected by 2030, with a majority of all new vehicles to be fully over-the-air updatable by 2024
  • Three all-new, AI-powered, technology platforms to be deployed at scale, starting in 2024: STLA Brain, STLA SmartCockpit and STLA AutoDrive
  • Strategic partnerships with leading companies, including BMW, Foxconn and Waymo, continue to drive innovation, efficiency and shared know-how with Stellantis experts
  • 4,500 software engineers by 2024, not including partnerships, supported by a dedicated Software Academy

Stellantis N.V. mapped out its software strategy to deploy next-generation tech platforms, building on existing connected vehicle capabilities to transform how customers interact with their vehicles, and to generate approximately €20 billion in incremental annual revenues by 2030.

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This transformation will move Stellantis’ vehicles from today’s dedicated electronic architectures to an open software-defined platform that seamlessly integrates with customers’ digital lives. It greatly expands the options customers have to add innovative features and services via regular over-the-air (OTA) updates keeping vehicles fresh, exciting and updated years after they have been built.

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“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.”

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