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Auto Group Stellantis Wants to Earn Billions with Software

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Stellantis, the parent company of Opel, Fiat, Citroën and Peugeot, has plans to earn billions in additional revenue from automotive software.

 

The group works together with technology group Foxconn, BMW and Google subsidiary Waymo. The intention is that the software services will generate an annual turnover of 20 billion euros by the end of this decade.

This concerns, for example, software for self-driving and smart cars, electrically powered vehicles, navigation systems and other services for motorists. By 2030, some 34 million Stellantis cars should be equipped with software products that can be used to earn money through subscriptions. There are now about 12 million.

Stellantis will also train more software engineers. That should increase to 4,500 in 2024. In the period up to and including 2025, the company will allocate a total of 30 billion euros for technology for electric cars and software products.

Stellantis also enters into a partnership with the Taiwanese Foxconn to design and produce its own computer chips. These are to be installed in Stellaantis cars from 2024 and will also be offered to other car manufacturers. According to the group, this cooperation will bring more stability to the supply of semiconductors. There is currently an acute shortage of chips in the global auto sector.

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