Stellantis looks to revenue-generating software for its cars

By Giulio Piovaccari and Nick Carey

Technology
Tuesday, 07 Dec 2021
3:19 PM MYT

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FILE PHOTO: A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo

MILAN (Reuters) - Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.54 billion) in annual revenue from related products and subscriptions as it takes aim at rival Tesla.

CEO Carlos Tavares said the world's fourth largest carmaker expected to have 34 million connected vehicles on the road by then, up from 12 million now.

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWD1	0.190	0.210	0.180	0.200	0.005	2.56	511,237
HSI-CWEO	0.155	0.155	0.135	0.135	-0.010	-6.90	482,450
HSI-PWD7	0.205	0.230	0.200	0.230	0.020	9.52	447,799
SAPNRG	0.045	0.050	0.045	0.050	0.005	11.11	383,342
HSI-CWEJ	0.180	0.180	0.150	0.160	-0.005	-3.03	360,746
HI	1.270	1.330	1.200	1.240	0.020	1.64	300,919
NEXG	0.255	0.255	0.240	0.245	-0.010	-3.92	288,941
PERTAMA	0.110	0.130	0.105	0.110	0.000	0.00	287,990
HSI-CWCY	0.180	0.180	0.140	0.145	-0.025	-14.71	287,750
HSI-PWFR	0.160	0.170	0.160	0.170	0.010	6.25	228,121
HSI-CWCM	0.170	0.175	0.130	0.140	-0.015	-9.68	192,676
TRIVE	0.035	0.035	0.035	0.035	0.000	0.00	160,307
KAB	0.335	0.335	0.330	0.335	0.005	1.52	155,753
EDEN-WC	0.025	0.030	0.025	0.025	0.000	0.00	148,626
POS	0.250	0.290	0.250	0.285	0.030	11.76	143,888

Stellantis looks to revenue-generating software for its cars