How Stellantis plans to double revenue, electrify lineup, by 2030

A new plan will help the company become carbon net zero by 2038, with 50% reduction by 2030. The automaker plans to double net revenues to $335 billion a year by 2030 and maintain double-digit profit margins as it ramps up efforts to electrify versions of its cars.

The first-ever fully electric Jeep SUV, which is expected to launch in early 2023, was unveiled during a strategy meeting on Tuesday. The new Ram 1500 BEV pickup truck was shown off on Tuesday.

Over the next four years, Stellantis will devote about $35.5 billion to electric vehicles and new software as part of its push away from internal combustion engine vehicles. Many of the other legacy brands, like Ford, General GM and Volkswagen, are moving away from internal combustion engine vehicles. Stellantis will have to restructure its operations while maintaining high profit margins.

The automaker is targeting a 25% to 30% dividend ration through the year of 2025, as well as the purchase of up to 5% of outstanding common shares.

During the strategy call, the company said it wants to achieve 100% of sales in Europe and 50% of sales in the United States to be battery electric by the end of the decade, with a global annual sale of 5 million BEVs. Stellantis has 29 electric models on sale around the world. The product lineup is expected to reach 75 BEVs by the year 2030. New car revenues from the premium and luxury vehicle segments are expected to increase fourfold.

Stellantis to transform Chrysler into an all-electric brand by 2028

Software that can sell products and subscriptions to passengers and drivers is one of the ways that Stellantis hopes to bring in revenue outside of sales, financing and repairs. In December, the automaker laid out an ambitious plan to generate $22.5 billion annually from software, a target that is in line with competitors, by having 34 million connected cars on the road by 2030.

At the strategy call, the automaker revealed more details of a plan to launch aDelivery-as-a-Service.

Increasing its battery capacity by 140 gigawatt-hours to approximately 400 GWh, as well as expanding its hydrogen fuel cell technology to large vans, are all part of a more vertically integrated manufacturing approach that Stellantis is pursuing.

The Stellantis Corporate Venture Fund has $334 million of initial funding to spur the adoption of advanced technologies.

Stellantis, LG Energy to build battery factory in new joint venture