On Tuesday, Stellantis (NYSE:STLA) mapped out its software strategy to deploy next-generation tech platforms and generate approximately EUR4 billion by 2025 and EUR20 billion in incremental annual revenues by 2030.

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This strategy will build on existing connected vehicle capabilities to transform how consumers interact with their vehicles.

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The transformation will shift Stellantis’ vehicles from today’s dedicated architectures to an open software-defined platform that will easily integrate with customers’ digital lives.

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Stellantis will provide customers with the ability to tailor their vehicles to individual needs and desires and increase the unique qualities of the diverse brands within Stellantis through OTA (over-the-air) updates.

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Year to date, the company has delivered over 6 million OTA updates to its vehicles and intends to offer at least quarterly releases by 2026.

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The group further said it expects partnerships with Taiwan’s Foxconn to be finalized by the end of the year and has entered a new preliminary agreement with Foxconn for an additional partnership in semiconductors.

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Three all-new AI-powered technology platforms will be deployed by Stellantis at scale starting in 2024 and will be named Brain, STLA SmartCockpit, and STLA Autodrive.

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The software strategy works in conjunction with Stellantis’ electrification plans targeting more than 70% of its vehicle sales in Europe and more than 40% of vehicle sales in the United States to be low-emission vehicles by 2030.

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It plans to invest more the EUR30 to execute its software and electrification transformation through 2025.

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Stellantis CEO, Carlos Tavares said, “With the three all-new AI-powered technology platforms to arrive in 2024, deployed across the four STLA vehicle platforms, we will leverage the speed and agility associated with the decoupling of hardware and software cycles.”

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The Netherlands-based company expects to have 34 million monetizable software-connected cars globally by 2030, up nearly triple from its current 12 million.

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WHO IS STELLANTIS

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Stellantis, one of the world’s leading mobility players, is guided by the clear mission to provide freedom of movement for everyone through distinctive, appealing, and affordable automobility.

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Based in the Netherlands, the company is engaged in designing, engineering, manufacturing, distributing, and selling vehicles, components and production systems.

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With industrial operations in over 30 countries, Stellantis sells its vehicles directly through distributors and dealers in over 130 countries.

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