Stellantis and Qinomic Partner to Create Electric Commercial Vehicles

Stellantis NV is partnering with a French retrofit company to develop a proof of concept to convert internal combustion engine commercial vehicles to an electric drivetrain without loss of capabilities, the companies said Friday.

If successful, Stellantis and Qinomic hope to commercialize the product starting in France in 2024. The effort is part of Stellantis’ circular economy business unit focused on repairing, reusing and recycling parts and materials toward the automaker’s 2038 net carbon zero goal. It expects the business unit could contribute nearly $2 billion in annual revenue by the end of the decade.

The company says the retrofit option could offer an affordable option for customers looking to extend their vehicles’ lives and operate with zero emissions, especially in Europe, where certain roads and parts of cities are classified as “low-emission zones” with restrictions on what type of powertrains vehicles can have to access them in an effort to encourage use of alternate fuel sources.

Read the source article at detroitnews.com