News on June 30, according to foreign media reports, recentlyStellantis, the fourth largest automaker in the worldThe warning comes as electric cars are still too expensive now, and unless prices are cut, it will spell a huge crisis for the entire auto industry as Europe moves across the board.
Stellantis’ chief manufacturing officer, Arnaud Deboeuf, said Wednesday that the company aims to reduce the cost of making electric vehicles by 40 percent by 2030. In addition, the group plans to manufacture some parts in-house and force suppliers to lower the prices of their products. In addition, Stellantis is developing five large battery factories in North America and Europe, with a capacity of 400 gigawatt hours by 2030.
Deboeuf said in an interview,If EVs don’t cut prices, the market will crash. This is a huge challenge. Today, the price of electric vehicles is rising at a rapid rate. Tesla has substantially raised prices on all electric vehicle products in the U.S. market; Rivian and Ford have made similar price increases.
Stellantis plans to launch more than 75 all-electric models within a decade and revamp at least some of its French car factories to produce electric vehicles. This month, the Stellantis Group invested 33 million euros in two of its global vehicle testing centers to build first-class electric vehicle performance and master the highest level of autonomous vehicle technology.
But the company has pledged to rely on software and services, as well as additional revenue from some premium cars, to maintain strong revenue and profits.
Most manufacturers are likely to have to switch to producing electric vehicles within a decade or so, as the EU actively pushes the auto industry to move away from fossil fuels.
But Stellantis CEO Carlos Tavares said: “EU policymakers don’t seem to care whether carmakers have enough raw materials to support the shift. Tavares added that the company has not ruled out buying mines to secure the supply of raw materials.
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