Stellantis has outlined a £25 billion electrification strategy, which includes switching Vauxhall to an EV-only brand by 2028.
The automotive group, which owns 14 car brands, has set a target for electric vehicles (EVs) and plug-in hybrids (PHEVs) to account for 70% of its European sales by 2030.
It plans to secure five battery factories across Europe and North America and says it will reduce the cost of batteries by 60% by 2030.
The Company is also targeting for the total cost of ownership of EVs to be equivalent to internal combustion engine vehicles by 2026.
Four platforms form the backbone of the electrified vehicles from all Stellantis brands. The platforms are said to provide a high level of flexibility, both in length and width, and component sharing.
Alongside the Small, Medium and Large car platforms will be one dedicated for commercial vehicles, such as vans an pick-ups.
The platforms can be paired with a family of three electric motors, offering varied configurations including front- rear- and all-wheel-drive, plus plug-in hybrid.
Battery packs will range from 37kWh up to 200kWh and offer between 300-500 miles of driving range, with the charging ability to add 20 miles per minute.
“Our electrification journey is quite possibly the most important brick to lay as we start to reveal the future of Stellantis just six months after its birth, and now the entire company is in full execution mode to exceed every customer’s expectations and accelerate our role in redefining the way the world moves,” said Carlos Tavares.
“We have the scale, the skills, the spirit and the sustainability to achieve double-digit Adjusted Operating Income margins, lead the industry with benchmark efficiencies and deliver electrified vehicles that ignite passion.”