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Stellantis to develop AI-powered platforms from 2024

Stellantis said from 2024 it would deploy three new technological platforms powered by artificial intelligence
Stellantis said from 2024 it would deploy three new technological platforms powered by artificial intelligence

Automaker Stellantis has rolled out its software strategy, including a 2030 target of 20 billion euros in annual revenue from related products and subscriptions as it takes aim at rival Tesla.

CEO Carlos Tavares said the world's fourth largest carmaker expected to have 34 million connected vehicles on the road by then, up from 12 million now.

As part of its software push, Stellantis said from 2024 it would deploy three new technological platforms powered by artificial intelligence.

"This is something that will put Stellantis among the leaders, if not the leader, in software and electronics," said Chief Software Officer Yves Bonnefont, adding that these platforms would match those of competitors.

One platform, called STLA Brain, will provide over-the-air (OTA) software updates, something Tesla already offers.

Software was part of a plan announced by Stellantis this year to invest more than 30 billion euros through 2025 to execute its electrification strategy.

Bonnefont said the group would move its vehicles from their current dedicated electronic architectures to an open software platform, leveraging partnerships.

"We don't want to do everything by ourselves," he said.

Stellantis has strategic partnerships with companies including BMW, iPhone maker Foxconn and Alphabet Inc's Google, to enable it to "continue to drive innovation, efficiency and shared know-how", it said.

Bonnefont said Stellantis should finalise a joint venture with Foxconn by the end of 2021 to supply in-car and connected-car technologies across the auto industry.

Stellantis also announced on Tuesday a preliminary agreement on a separate partnership with Foxconn to design purpose-built semiconductors to support the carmaker and other customers.