Auto maker Fiat Chrysler has determined that electric vehicles will account for at least 60% of its sales by the end of 2021.
Auto maker Fiat Chrysler is planning a quick transition to the electric car market it has just entered. The company announced on December 2 that electric vehicles would account for at least 60% of its sales by the end of 2021.
The information comes three weeks after Fiat Chrysler announced the acquisition of Engie Electric Power Systems, a micro grid and energy storage company, to help develop electric vehicles and low-impact services. another school.
Fiat Chrysler is also in the process of merging with rival Peugeot (France) to create a new business called Stellantis after the merger terms are finalized next year.
Stellantis will become the fourth-largest automaker in the world by car production, based on existing data.
Even after the merger, Fiat Chrysler and Peugeot will continue to sell cars under their own traditional brand names.
In 2018, Fiat Chrysler announced it would spend at least 9 billion euros ($ 10.6 billion) on developing electric vehicles by 2022.
The company is planning to use a range of electric and hybrid models to gain a foothold in the Chinese electric vehicle market, said Fiat Chrysler, Roberto Di Stefano, head of network development and electronic mobile.
Di Stefano believes that the real market for electric cars will be China and then the rest of the world.