Stellantis targets 20 bln euros in additional revenue from software by 2030
A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File PhotoStellantis to have 34 million connected cars by 2030Stellantis seen as a laggard in advanced technologyplans to generate about 4 billion euros in additional annual revenue by 2026 from software-enabled products and subscriptions and 20 billion euros by 2030, the company said on Tuesday.
Presenting its long-term software strategy, Stellantis said it expected to have 34 million connected vehicles on the streets by 2030 from 12 million now, as Chief Executive Carlos Tavares maps out plans for the world's fourth largest carmaker that was created less than a year ago.Register now for FREE unlimited access to reuters.
Investors are evaluating automakers' software capabilities, which include improving battery performance and strategies for gathering, interpreting and monetising data from cars.expects some 1.2 trillion euros of software enabled sales in the car industry by 2030, or about a quarter of the global mobility market, which is expected to more than double to 5 trillion euros as a result.is widely seen as having a lead in software capability, while legacy automakers are scrambling to catch up.
Among those legacy firms, investors and analysts see Stellantis lagging companies such as Volkswagen and General Motors
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