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Stellantis will upgrade existing facility with joint venture partner, Punch Powertrain, for a new electrified transmissions facility.

24 Sep 2022 | International News : Italy

Stellantis has announced two more major initiatives within its Italian industrial footprint aimed at further driving the company's transformation of its global electrification value chain and supporting its decarbonisation targets.

To meet the growing demand for electrified vehicles and the ambitious targets presented in the Dare Forward 2030 strategic plan, Stellantis and its joint venture partner, Punch Powertrain, signed a new agreement increasing production of future generation electrified dual-clutch transmissions for Stellantis hybrid and plug-in hybrid electric vehicles.

The Mirafiori Complex will see three activities for the sustainable use of vehicles and parts
The company also announced that the Mirafiori Complex will be home to its Circular Economy Hub, starting with three activities for the sustainable use of vehicles and parts. These activities include vehicle reconditioning, vehicle dismantling, and parts remanufacturing, with the scope set to expand further globally.

This builds on the skills the company currently has and is another important step in the implementation of the strategic plan for Stellantis' Circular Economy Business Unit as it pushes to quadruple extended life revenues for parts and services and multiply recycling revenues by 10 times by 2030 as compared to 2021.

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