Acknowledging the extensive national requirements involved in the design, implementation, and upkeep of EV charging networks at over 2,600 sites, Stellantis NV (NYSE:STLA) revealed on Wednesday their decision to appoint AGI as a turnkey infrastructure solutions provider. This partnership aims to support their dealers in their push towards electrification, encompassing all the necessary elements to establish electric vehicle supply equipment (EVSE) for charging purposes.
The move aims to support Stellantis’s goal to fulfill its Dare Forward 2030 strategy and achieve 50% battery-electric vehicle sales by the end of this decade. Stellantis is one of seven world's leading automakers creating a joint venture to accelerate the transition to electric vehicles in North America by making EV charging more convenient, accessible and reliable.
"As we accelerate the drive toward EVs, Stellantis is in full-execution mode with an electrification strategy designed specifically to address the needs of our dealership network," said U.S. Head of Sales Jeff Kommor.
By tapping into AGI's know-how in electrical engineering, project management, fabrication, and upkeep, Stellantis dealers are getting a big boost in getting ready for electric vehicles (EVs). This move also brings AGI into the mix of Stellantis's partners for EV infrastructure and training in the U.S., joining the likes of Future Energy and Vehya.
"Stellantis recognizes the importance of dealer EV readiness and customer experience, both at the dealership level and as a leading global OEM,” said SVP of AGI's Electrical Lighting and Maintenance Division, Dave Clower.
“With the push toward electrification, having the right EVSE for charging, installed in the optimal location and with continuous uptime and in clean, proper working order is critical to delivering this overall experience.”
Shares of STLA are up 0.75% in afternoon trading Wednesday.