Stellantis Invests in Italian Industrial Footprint

September 20, 2022

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Stellantis Invests in Italian Industrial Footprint Transformation to Develop Sustainable Activity

Investing in Mirafiori Complex for electrical transmission manufacturing and round economy business
Upgrading present facility with three way partnership companion, Punch Powertrain, for brand spanking new electrified transmissions facility, anticipated in second half of 2024
Building main Circular Economy Hub to open in 2023 to make sure sustainable manufacturing and consumption fashions
Activities to energy Stellantis’ efforts to be a sustainable mobility tech company reaching carbon internet zero by 2038 and assist Dare Forward 2030 strategic plan

TURIN, ITALY, Sept. 20, 2022 – Stellantis N.V . at present introduced two extra main initiatives inside its Italian industrial footprint geared toward additional driving the Company’s transformation of its international electrification worth chain and supporting its aggressive decarbonization targets.

To meet the rising demand for electrified automobiles and the formidable targets offered in the Dare Forward 2030 strategic plan, Stellantis and its three way partnership companion, Punch Powertrain, signed a brand new settlement rising manufacturing of the future-generation electrified dual-clutch transmissions (eDCT) for Stellantis hybrid and plug-in hybrid electrical automobiles (PHEV). The upgraded facility, developed throughout the Mirafiori Complex in Turin, Italy, will complement the present capability in Metz, France.

The Company additionally introduced that the Mirafiori Complex shall be residence to its main Circular Economy Hub, beginning with three actions for the sustainable use of automobiles and elements: automobile reconditioning, automobile dismantling, and elements remanufacturing, with the scope set to increase additional globally. This builds on the talents the Company at present has and is one other essential step in the implementation of the strategic plan for Stellantis’ Circular Economy Business Unit because it pushes to quadruple prolonged life revenues for elements and providers and multiply recycling revenues by 10 instances by 2030 as in comparison with 2021.

“Today’s announcements highlight both our commitment to Italy and our ability to take responsible decisions to anticipate the upcoming global change in our industry, as we push to achieve our Dare Forward 2030 targets,” mentioned Carlos Tavares, Stellantis CEO. “I am very thankful to everyone involved in finalizing and executing these plans on our charge to becoming a sustainable mobility tech company with the bold objective to become carbon net zero ahead of competition.”

Increasing eDCT Production
The 50/50 three way partnership between Stellantis and Punch Powertrain, known as e-Transmissions Assembly, manufactures and provides breakthrough eDCTs for the Company’s subsequent technology of hybrid and PHEV fashions serving to Stellantis additional electrify its model portfolio with clear, protected and inexpensive options.

The new Mirafiori e-Transmissions Assembly web site is anticipated to start out manufacturing in the second half of 2024. At full manufacturing, the Mirafiori and Metz, France, amenities collectively will provide all related Stellantis manufacturing websites in Europe.

Launching Company’s Leading Circular Economy Hub
The Stellantis Circular Economy Business Unit is among the seven accretive business items introduced in the Dare Forward 2030 strategic plan and is a 360-degree business primarily based on the 4Rs technique – restore, reuse, reman and recycle. As an unbiased business unit, it should generate greater than €2 billion in revenues in 2030.

Today’s announcement confirms the main international Circular Economy Hub shall be launched in 2023 in Mirafiori Complex. The devoted operation will allow the enlargement of Stellantis’ present actions and assist its ‘cradle-to-cradle’ business mannequin in Europe. Later bulletins shall be made that can assist Stellantis globally.

Commitment to Italian Roots
During a gathering in March 2022 with the Piedmont Region, the Municipality of Turin and the Industrial Association of Turin, Stellantis re affirmed its continuous commitment to Italy to enhance its efficiency, and extra particularly, to the Piedmont area to boost the “Turin Manufacturing District” of which each of those amenities would belong. The Turin Manufacturing District serves as a automobile manufacturing hub, an electrification engineering heart and the center of design for iconic Italian manufacturers.

Additional actions supporting this dedication and geared toward accelerating Stellantis’ international electrification transformation, embody:

The Melfi facility, along with Sochaux in France, will host the brand new electrical platform known as STLA Medium, particularly designed for the battery electrical automobile (BEV) market with a excessive stage of flexibility and anticipated to realize a spread as much as 700 kilometers (440 miles).
Automotive Cells Company (ACC), of which Stellantis is a companion with a one-third fairness stake, intends to build a third European battery cell manufacturing plant in Termoli by repurposing an present Stellantis plant to assist electrical automobile battery manufacturing.
The ongoing progressive electrification of all Italian crops for manufacturing of recent electrical or low-emission fashions.

In the previous 4 years, Stellantis has invested over €5 billion in Italian operations for brand spanking new merchandise and manufacturing websites. The Company additionally gives coaching with the purpose of reskilling and upskilling its staff, whereas persevering with its fruitful collaboration with the Polytechnic of Turin that led to the creation of a campus of design and sustainable mobility throughout the Mirafiori space.

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About Stellantis

Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is among the world’s main automakers and a mobility supplier. Its storied and iconic manufacturers embody the fervour of their visionary founders and at present’s prospects in their progressive services, together with Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep_®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our variety, we prepared the ground the world strikes – aspiring to develop into the best sustainable mobility tech firm, not the most important, whereas creating added worth for all stakeholders in addition to the communities in which it operates. For extra info, go to www.stellantis.com.