Stellantis and Toyota Motor Europe (TME) announced a new agreement for large-volume commercial vehicles for the European market. The new large-volume commercial vehicle complements TME's compact and mid-volume commercial vehicle line-up under the existing partnership, strengthening Stellantis' light commercial vehicle (HTA) presence in Europe in line with its strategic plan for Dare Forward 2030 (Dare to 2030). With this new partnership, TME customers will benefit from the latest, zero emission technologies offered by Stellantis in the light commercial vehicle segment.
Stellantis, which is among the largest groups in the automotive and mobility world and plays a flawless role in adapting the technologies of the future, continues to be the pioneer of technological innovations with its strategic partnership studies. In this context, Stellantis NV and Toyota Motor Europe NV (TME) announced that they are expanding their existing partnership with a new large-volume commercial vehicle agreement, including a battery-electric version. The new vehicle is the third body type under the agreement. With the compact, medium-volume and now large-volume light commercial vehicle, the light commercial vehicle product range is completed.
will be on the roads in 2024
Stellantis will supply TME with a new large-volume commercial vehicle for sale in Europe under the Toyota brand. The new vehicle will be produced at Stellantis' plants in Gliwice/Poland and Atessa/Italy. The vehicle that will emerge with the new project, which is planned to be implemented in the middle of 2024, will be the first product of TME in the large-volume commercial vehicle segment. This agreement will facilitate Stellantis' plan to consolidate all software domains into high-performance computers, leverage high-performance, low-energy Snapdragon Automotive Platforms solutions in all key vehicle areas, and contribute to securing Stellantis' supply chain on strategic components.
To complement Toyota's light commercial vehicle range in Europe
The cooperation between Stellantis and TME, which started in 2012 with Toyota's medium-size light commercial vehicle produced at Stellantis' Hordain factory in France, continued in 2019 with a compact-size light commercial vehicle produced in Stellantis' factory in Vigo, Spain. With the large-volume light commercial vehicle, not only is the scope of cooperation between Stellantis and TME expanding, but also zamAt the same time, Toyota's light commercial vehicle range in Europe will be completed. Apart from that, it will allow both companies to benefit from development and production cost optimization.
“Our goal is operational excellence!”
Stellantis CEO Carlos Tavares: “As Stellantis, we have determined our main goal as operational excellence while expanding the scope in this partnership, as in all our agreements. With this third successful move, Stellantis once again demonstrates its expertise in the commercial vehicle segment and in battery electric vehicle technology designed to meet any need. “This agreement strengthens our leadership in the EU30 for LCVs and low-emissions vehicles and brings us closer to achieving our Dare Forward 2030 (Courageously To 2030) target to become the undisputed global LCV leader in technology, production, market share and profitability.” spoke.
Matt Harrison, President and CEO of Toyota Motor Europe: “We are delighted to be able to expand this successful partnership with a new large-volume commercial vehicle. With this new addition, Toyota's light commercial product range for European customers is completed. "The new light commercial vehicle will make a significant contribution to Toyota's growth targets in the light commercial vehicle market, alongside the Hilux pick-up, Proace and Proace City, and will enable Toyota to offer a transportation solution in all segments of the light commercial vehicle market."
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