The president of Exor and Stellantis, in the annual letter to the shareholders of the family holding company, focuses on the plans for the electrification of the automotive group, in particular regarding the battery factories
Roberto Speranza
In its annual letter to the shareholders of Exor, the financial safe that contains the family’s holdings LambsPresident John Elkann it retraced a 2021 that brought significant increases in the value of the companies that are part of it. Among these, Ferrari, Cnh Industrial, the newborn Iveco Group and, of course, Stellantis. We refer to the specific article on the sporting and industrial events of the Cavallino, while here we focus on Elkann’s passage dedicated to the vehicles of the company set up just last year from the merger between the FCA and PSA groups. Dwelling above all on projects related to electrification, battery factories in the lead.
John Elkann to Exor shareholders: Stellantis’ 2021
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The president of Stellantis and Exor, John Elkann, retraced the first year of activity of the automotive group led by CEO Carlos Tavares. The launch of 10 models, the electric Fiat 500, a net profit of 13.4 billion euros. But it is the future on which Gianni Agnelli’s nephew particularly focused in his letter to the shareholders of the family finance company. An electric future: “In 2021 alone, 11 significant placements of pure electric car manufacturers were made on the stock exchange. The 10 largest companies that exclusively produce electric vehicles, which together sold about 1% of the total number of cars registered and a third of electric cars were worth a total of more than $ 1.5 trillion at the end of the year, while the 10 largest traditional car groups, which sold most of the remaining 99% of new cars registered, were worth $ 1 trillion. The markets are clearly showing us where the future is headed. “
Stellantis, electrification
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Crucial moment in tracing the Stellantis project towards that future was theElectrification Day of 8 July 2021: “Stellantis used his Electrification Day of July 2021 and the Software Day of the month of December to tell its future direction. These two themes are the basis of the evolution of Stellantis that will lead it to become a technological company for sustainable mobility. For example, its strategy for the procurement of batteries for electric vehicles plans to secure a capacity of more than 130 Gigawatt hours (GWh) by 2025, and more than 260 GWh by 2030. Battery needs for vehicles and related components will be satisfied by five “gigafactories” in Europe and North America, and by supply and partnership contracts. The software must work in harmony with electrification and Stellantis has therefore also indicated how it intends to use the next generation technology platforms. These build on existing infrastructure to change the way customers interact with its brands and cars, from 12 million ‘monetizable’ connected vehicles worldwide to 34 million. “
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