Samir Cherfan, CEO of Stellantis Middle East and Africa, announced that the auto industry group has taken a new step towards transitioning towards zero carbon emissions by 2038.
Stellantis, the world’s fourth largest automaker by sales, includes 16 brands, including Fiat, Citroen, Chrysler, Jeep, Peugeot and Opel.
Sherfan indicated in an interview with “CNN Business” that the first phase of the project begins in 2025, when all production lines will be fully electric, with the manufacture of an electric model for each car being launched.
He expected that Stellantis sales in Europe would become 100 percent electric by 2030, 50 percent in North America, and 30 percent in the Middle East and Africa, with numbers varying between countries.
Expected sales growth in 2023
The CEO of Stellantis Middle East and Africa described 2023 as the most dynamic year, and expected 3.8 million cars to be sold this year, compared to 3.4 million in 2022, and that the sales growth rate in the GCC countries would be about 18 percent.
Cherfan said that he is working to make the Middle East market at the forefront of the group’s markets, pointing out that the region’s market share amounts to about 15 percent of the group’s total business, adding that work is underway to move from the second place to the first by raising the market share to 22 percent.
As for the shift towards electric vehicles in the Middle East, Cherfan considered that despite the difficulties that some countries face in terms of equipment and infrastructure, manufacturing electric cars and putting them on the roads will contribute to encouraging investment in charging networks.
“Stelantis is investing about 20 billion euros on complete technology from raw materials, chemical batteries, power engines, inverters, etc.,” he said.
In response to a question about the caveats of relying on lithium in batteries used in electric cars, Sherfan explained that “Stelantis is working on developing battery recycling to renew 99 percent of raw materials through a circular economy,” and indicated that the supply of raw materials today may be sufficient for The next five or six years before work on the circular economy of batteries begins.
2023-05-31 15:05:48
#Allelectric #Stellantis #cars #CNN #Economic
