Stellantis launches $23 billion software push

MILAN — Stellantis plans to generate around 4 billion euros ($4.5 billion) in additional annual revenues by 2026 and around 20 billion euros ($23 billion) by 2030 from software-enabled product offerings and subscriptions.

Presenting its long-term software strategy on Tuesday, the automaker said it expected to have 34 million connected vehicles on the streets by 2030 from 12 million now.

Stellantis said that, starting from 2024, it would deploy three new technological platforms powered by artificial intelligence, to be named STLA Brain, STLA SmartCockpit, and STLA AutoDrive.

The automaker is extending existing tie-ups with Apple’s assembly partner Foxconn, Alphabet’s Waymo self-driving unit and BMW to build the three new tech platforms.

Chief Software Officer Yves Bonnefont said these would “certainly” match competitors’ most advanced platforms. “This is something that will put Stellantis among the leaders, if not the leader, in software and electronics,” he said on a call with reporters.

“We really see software as a growth opportunity, something that can make a huge difference,” Bonnefont said, adding that updates that could be done every quarter would bolster profit margins.

Stellantis will move its vehicles from current dedicated electronic architectures to an open software platform, leveraging its partnerships,  Bonnefont said. “We don’t want to do everything by ourselves,” he said.

Stellantis and Foxconn said on Tuesday they have signed a preliminary agreement to create a second partnership to co-design a family of dedicated microcontrollers that will eventually cover 80 percent of Stellantis’ needs.

Stellantis and Waymo will start working on autonomous commercial vehicles for delivery services, the automaker said.

Stellantis also has a partnership with BMW that dates back to a 2017 agreement with Fiat Chrysler to develop a self-driving vehicle platform. This will become one of the three platforms promoted Tuesday by Stellantis.

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