Stellantis targets generating more revenue from its software by 2030

Stellantis plans to generate about 4 billion euros ($4.5 billion) in additional annual revenue by 2026 from software-enabled products and subscriptions and 20 billion euros by 2030, Reuters quotes the carmaker.

Presenting its long-term software strategy, Stellantis said it expected to have 34 million connected vehicles on the streets by 2030 from 12 million now.

The group is now aiming for full-year revenues just below 150 billion euros this year.

Starting from 2024, Stellantis said it would deploy three new technological platforms powered by artificial intelligence, to be named STLA Brain, STLA SmartCockpit and STLA AutoDrive.

Software development investments are included in a plan announced by Stellantis this year to invest more than 30 billion euros through 2025 to execute its electrification strategy.

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