Stellantis plans to generate $ 22.5 billion in new software revenue by 2030.

Date:

2022 Jeep Grand Cherokee Summit 4xe

Car maker Stellantis The company announced on Tuesday that it plans to increase its annual revenue from software services and subscriptions by about $ 22.5 billion (€ 20 billion) by 2030.

According to Stellantis, growth will be driven by an increase in so-called connected cars from automakers equipped with GPS, infotainment systems, driver assistance and other technologies, rising from the current 12 million to 34 million. To do.

Stellantis, the world’s fourth-largest automaker, is a state-of-the-art company with the goal of significantly increasing service revenues to further diversify market opportunities and revenues.

Other car makers – from BMW General Motors When Ford motor – Following recent growth and popularity, we have announced similar measures. Tesla.. EV car makers are considered industry leaders in services and technology, offering vehicle updates remotely or wirelessly years before other cars.

Stellantis said it expects a “majority” of new cars to support OTA updates by 2024.

Vehicles with wireless updates are seen as the key for automakers to generate recurring revenue through all new technologies and subscriptions, from video entertainment to driving assistance features.

Software services were part of a plan previously announced by automakers Invest 30 billion euros With advanced technology and vehicle electrification.

Stellantis said he hopes to use these funds to hire more software engineers who can develop new technologies internally and through partnerships with other companies.

The company also announced on Tuesday that it had signed a non-binding memorandum of understanding with the iPhone maker. Foxconn Build partnerships aimed at designing a new family of semiconductors to support Stellantis and third-party customers.

Stellantis is BMW Alphabet Waymo is developing advanced driver assistance systems to combat Tesla’s Autopilot and other systems.

Stellantis is a merged automaker of Fiat Chrysler and France-based Group PSA. There are 14 individual car brands such as Alfa Romeo, Chrysler, Fiat, Jeep and Peugeot.

The company announced plans with Stellantis CEO Carlos Tavares and other executives ahead of “Software Day” on Tuesday.

Stellantis plans to generate $ 22.5 billion in new software revenue by 2030.

Source link Stellantis plans to generate $ 22.5 billion in new software revenue by 2030.

The post Stellantis plans to generate $ 22.5 billion in new software revenue by 2030. appeared first on Eminetra.

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