Stellantis, Trudeau invest $2.8 billion to boost EV production in Canada 5/2/22
Stellantis has designated $35.5B towards EVs and new software development over the next year in its effort to be carbon net zero by 2038. This includes $2.8B in spending to ramp up EV production at two Canadian plants. The new EVs from these factories are expected to be equipped with their new software technology that they expect to earn $22.5B annually from. These technologies include the “STLA Brain” which is a cloud technology that allows for over air software upgrades, the “SmartCockpit” which is a platform built with Foxconn to delivers navigation, voice assist, and payment services, as well as “AutoDrive,” which was developed with BMW to deliver automated driving features.