Stellantis (STLA), Toyota Motor Europe to Bolster LCV Partnership
So this sounds like ICE LCVs in the beginning.
Stellantis will supply TME with the new product for sale in Europe under the Toyota brand. The new van will be built at Stellantis’ plants in Gliwice, Poland and Atessa, Italy. It is planned to begin in mid-2024. The new vehicle is the third body type under the agreement, completing a full LCV line-up, with compact, mid and now a large-size LCV. This marks TME’s debut into the large-size commercial vehicle segment.
Way down in this piece are these interesting paragraphs. I will have to look up more on $STLA in this respect of EVs/H2 initiatives.
The company launched the Dare Forward 2030 plan recently. It will aid its transition to a carbon net-zero entity by 2038, with a 50% reduction by 2030. Apart from this, the auto giant aims to double net revenues to $335 billion, annually, by 2030. It also aims to maintain double-digit profit margins as it looks to ramp up efforts to bring electrified versions of its cars.
Under the Dare Forward strategy, Stellantis aims to increase its planned battery capacity by 140 gigawatt-hours to nearly 400 GWh and expand its hydrogen fuel cell technology to large vans in 2024. The Dare Forward 2030 promises to make the company a championed player in the domain of net-zero emission vehicles by driving innovation and employee engagement.