Stellantis and joint venture partner Punch Powertrain have signed a new agreement increasing production of electrified dual clutch transmissions (eDCT) for hybrid and plug-in hybrid electric vehicles (PHEV).
The upgraded factory, within the Mirafiori complex in Turin, Italy, will complement existing capacity in Metz, France.
The automaker also said Mirafiori would be home to its ‘Circular Economy Hub’, vehicle reconditioning, dismantling, and parts remanufacturing, with scope to expand globally.
Stellantis plans quadruple extended life revenues for parts and services and multiply recycling revenues by 10 by 2030 compared to 2021.
“Today’s announcements highlight both our commitment to Italy and our ability to take responsible decisions to anticipate the upcoming global change in our industry, as we push to achieve our Dare Forward 2030 targets,” said Carlos Tavares, Stellantis CEO in a statement.
Increasing eDCT production
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The 50/50 joint venture between Stellantis and Punch Powertrain, called e-Transmissions Assembly, manufactures and supplies eDCTs for the automaker’s hybrid and PHEV models.
The new Mirafiori assembly site is expected to start production in the second half of 2024. At full production, the Mirafiori and Metz factories together will supply all Stellantis manufacturing sites in Europe, covering multiple brands.
Circular Economy Hub
The Stellantis Circular Economy Business Unit is one of seven business units announced in the Dare Forward 2030 strategic plan and is a ‘360-degree business’ based on a 4Rs strategy – repair, reuse, reman and recycle. As an independent business unit, it will generate EUR2bn in revenues in 2030.
The Melfi factory, together with Sochaux in France, will host a new electric platform called STLA Medium, specifically designed for battery electric vehicles (BEV) with a high level of flexibility and expected to achieve a range up to 700km (440 miles).
Automotive Cells Company (ACC), of which Stellantis is a partner with a one-third equity stake, intends to build a third European battery cell manufacturing plant in Termoli by repurposing an existing Stellantis plant to support electric vehicle battery production.
In the past four years, Stellantis has invested EUR5bn in Italian operations for new products and manufacturing sites.