AMSTERDAM — Chrysler parent Stellantis said on Tuesday that it aims to double its net revenue to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted operating margins as the automaker speeds up the electrification of its sprawling model lineup across brands including Jeep, Ram, Peugeot and Fiat.
Presenting its new strategic plan called Dare Forward 2030 on Tuesday, Stellantis said it aims for 100 percent of its sales in Europe and 50 percent of sales in the U.S. to be battery-electric vehicles by the end of the decade.
Stellantis said it aims to have 75 battery-electric vehicles on the market and sell 5 million EVs annually by 2030.
It will launch the Jeep brand’s first full-electric SUV in early 2023. No further details were given.
The automaker, created early last year from the merger of PSA Group and Fiat Chrysler Automobiles, targets $5.6 billion in synergies by the end of 2024 — one year ahead of its previous plan.
The automaker aims to generate more than $22 billion in industrial free cash flows in 2030.
Stellantis said it will focus on an asset-light model for its flagging China business.
The company aims to cut its carbon emissions 50 percent versus 2021 by the start of the next decade.
Stellantis said it expects 30 percent of its sales to be online by 2030 and for revenue from luxury and premium car sales to quadruple by then.
Stellantis last week reported an adjusted operating income margin for 2021 that soared to 11.8 percent after getting past supply snarls and labor shortages with production of more profitable vehicles.
Reuters and Bloomberg contributed to this report
