CEO Of Stellantis Boasts And Is Confident That He Can Compete With Tesla

JAKARTA - Stellantis Chief Executive, Carlos Tavares, believes that the combined company Fiat Chrysler Automobiles and PSA Group he leads will be able to catch up with Tesla's electric car production in the next few years.

"I'm trying not to be overbearing, but confident and confident in the fact that we're going to catch up in the next few years with Tesla and it's going to be a very healthy competition", Tavares said.

Tavares then explained, Stellantis will increase the number of electric car models by increasing annual revenue globally until 2030.

He then highlighted the importance of greater investment in building electric charging ecosystems in Europe and the United States. Because, according to him, electric charging facilities are a key factor that makes consumers want to switch to electric cars.

The 63-year-old Portuguese entrepreneur also confirmed that Stellantis would invest in Western Europe by moving its van production facilities from Russia. However, he did not mention which country the new assembly will be in.

In that way, Stellantis has changed the business plan announced in January this year in which it wants to make Russia an export hub for the Western European market.

In this context "new investment in Russia is not in the plans", said Tavares.

"Stellantis would not be at a disadvantage if our supply base was not concentrated in Eastern Europe", he added.