Stellantis Invests in Italian Industrial Footprint Transformation
Stellantis N.V. launched two new major initiatives within its Italian industrial footprint aimed at accelerating the Company's transformation of its global electrification value chain and supporting its aggressive decarbonisation targets.
Stellantis and its joint venture partner, Punch Powertrain, signed a new agreement to increase the production of future-generation electrified dual-clutch transmissions (eDCT) for Stellantis hybrid and plug-in hybrid electric vehicles (PHEV) to meet the growing demand for electrified vehicles and the ambitious targets outlined in the Dare Forward 2030 strategic plan. The enhanced plant, built within the Mirafiori Complex in Turin, Italy, will complement Metz, France's existing capacity.
The Mirafiori Complex will also house the Company's leading Circular Economy Hub, which will begin with three activities for the sustainable use of vehicles and parts: vehicle reconditioning, vehicle dismantling, and parts remanufacturing, with the scope set to expand globally.
This builds on the expertise the company already possesses and is another essential step in the implementation of Stellantis' Circular Economy Business Unit's strategy, which aims to quadruple extended life revenues for parts and services and multiply recycling revenues by 2030 compared to 2021.
Carlos Tavares, Stellantis CEO, said:
"Today’s announcements highlight both our commitment to Italy and our ability to take responsible decisions to anticipate the upcoming global change in our industry, as we push to achieve our Dare Forward 2030 targets. I am very thankful to everyone involved in finalizing and executing these plans on our charge to becoming a sustainable mobility tech company with the bold objective to become carbon net zero ahead of the competition.”
Stellantis and Punch Powertrain's 50/50 joint venture, e-Transmissions Assembly, develops and provides revolutionary eDCTs for the Company's next generation of hybrid and PHEV models, allowing Stellantis to further electrify its brand portfolio with clean, safe, and economical solutions.
The new Mirafiori e-Transmissions Assembly facility is set to open in the second half of 2024. When fully operational, the Mirafiori and Metz, France, operations will supply all Stellantis manufacturing sites in Europe.
The Stellantis Circular Economy Business Unit is one of seven accretive business units introduced in the Dare Forward 2030 strategic plan, and it is a 360-degree business based on the 4Rs strategy of repair, reuse, reman, and recycle. It will earn more than €2 billion in sales as an independent business entity by 2030.
The statement indicates that the world's foremost Circular Economy Hub will open in Mirafiori Complex in 2023. The dedicated operation will allow Stellantis to expand its current activities while supporting its 'cradle-to-cradle' business strategy in Europe.
Stellantis reaffirmed its continuous commitment to Italy to improve its performance, and more specifically, to the Piedmont region to enhance the "Turin Manufacturing District," to which both of these facilities would belong, during a meeting in March 2022 with the Piedmont Region, the Municipality of Turin, and the Industrial Association of Turin. The Turin Manufacturing District serves as a vehicle production hub, an engineering centre for electrification, and the heart of design for iconic Italian brands.
Additional activities supporting this commitment and aimed at accelerating Stellantis’ global electrification transformation include:
The Melfi facility, together with Sochaux in France, will host the new electric platform called STLA Medium, specifically designed for the battery electric vehicle (BEV) market with a high level of flexibility and expected to achieve a range up to 700 kilometres (440 miles).
Automotive Cells Company (ACC), of which Stellantis is a partner with a one-third equity stake, intends to build a third European battery cell manufacturing plant in Termoli by repurposing an existing Stellantis plant to support electric vehicle battery production.
The ongoing progressive electrification of all Italian plants for the production of new electric or low-emission models.
Stellantis has invested more than €5 billion in Italian operations for new products and industrial facilities during the last four years. The company also offers training to reskill and upskill its personnel while continuing its beneficial relationship with the Polytechnic of Turin, which resulted in the construction of a design and sustainable mobility campus in the Mirafiori area.