Stellantis debuts electric jeep, promises new energy goals

Stellantis CEO Carlos Tavares pictured next to his Jeep Avenger at the Paris Motor Show on October 17, 2022.

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CEO of Stellantis The company told CNBC on Monday that it will use its site to generate half the energy needed for manufacturing by the middle of this decade.

Speaking to CNBC’s Charlotte Read at the Paris Motor Show, Carlos Tavares said: “From a manufacturing perspective, we have made the right investment decision in Stellantis, which will be able to produce 50% of our energy needs on-site in 2025. ‘ said. He said.

Tavares’ comments came as Stellantis was preparing to debut what he called “the first pure EV Jeep” after vehicle details were announced last month.

According to Stellantis, the Jeep Avenger has a “target electric range” of 400 kilometers, or just under 249 miles.

The company, which has brands such as Fiat, Chrysler and Citroen, plans to start taking reservations for the Avenger on Monday, when it’s expected to arrive in showrooms next year.

Stellantis wants all passenger car sales in Europe to be battery electric by 2030.

The above targets come as major economies plan to move away from internal combustion engines in favor of battery electric vehicles.

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Shift to electric vehicles

In an interview with CNBC, Tavares was asked whether talk of a recession, cost of living crisis, inflation and energy prices would have the effect of slowing the transition to electric vehicles.

“Of course, energy is the biggest prerequisite for successful electrification. It makes sense,” he replied.

“The question you’re asking me is the question you should ask your political leaders, because, you know, electrification was caused by regulation.

“Yes, of course, it’s the way to go,” he later added. Starting with the new Jeep Avenger, we are full speed ahead with all electric vehicles.”

Asked about the EU’s plan to phase out sales of new ICE cars and vans by 2035, Tavares said: “It is clear that the decision to ban pure ICE is a purely arbitrary decision. It is.”

The Stellantis chief expanded his argument, saying he would encourage European political leaders to be “more pragmatic and less dogmatic”.

“I see the potential and need for a more pragmatic approach to managing migration.”

Stellantis’ electric car plan will put it in competition with companies like Elon Musk Tesla As well as companies like Volkswagen, fordWhen GMAccording to the International Energy Agency, electric vehicle sales are expected to hit a record high this year.

In recent years, the supply of materials essential for EVs, which has been an issue, has been squeezed by various factors. IEA highlighted earlier this year In its global EV outlook.

“The surge in EV sales during the pandemic is testing the resilience of battery supply chains, and Russia’s war in Ukraine has exacerbated the challenges,” the IEA report notes, adding that lithium, cobalt and nickel He added that prices for materials such as .”

“Lithium prices in May 2022 are more than seven times higher than they were in early 2021,” he added. “Unprecedented battery demand and lack of structural investment in new supply capacity are key factors.”

When it comes to EVs and the raw materials needed for their batteries, Mercedes-Benz CEO Kallenius sketched out the current situation as he saw it.

“Raw material prices have been very volatile over the last 12 to 18 months. Some have surged and others have fallen again,” he said.

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“But as we become electrified, fully electrified, and more and more car makers enter the electric space, we need more mining and refining capacity for lithium, nickel, and some of their raw materials. It is true that we will build an electric car.”

“Right now, we have everything we need, but in the medium to long term, we need to work with the mining industry here to increase our production capacity.” Stellantis debuts electric jeep, promises new energy goals

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