Carmaker Stellantis stated on Friday it had partnered with Qinomic, a French high-tech firm centered on mobility, to develop a venture aiming to transform vans with inner combustion engines into electric-powered automobiles.
The Italian-French carmaker stated the deal concerned its Round Economic system unit.
“The retrofit resolution goals to increase car life and utilization, guaranteeing sustainability and affordability on the identical time,” it stated in an announcement.
In its marketing strategy introduced earlier this yr, Stellantis set a aim to spice up revenues of its enterprise centered on recycling tenfold to over 2 billion euros ($2.1 billion) by 2030. It additionally goals to quadruple revenues from extended-life components and companies.
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“In a market boosted by last-mile demand, metropolis entry restrictions will quickly require latest LCV (mild business car) homeowners to search for an answer to transform to zero emissions,” stated Eric Laforge, Stellantis’ vice chairman of Light Commercial Vehicles for the so-called Enlarged Europe area.
“Retrofitting expertise like this can allow Stellantis to help this development,” he added.
Stellantis stated the venture can be developed subsequent yr, whereas implementation and commercialisation is predicted to start out in France in 2024.
No monetary particulars or funding figures for the partnership had been disclosed.
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