Stellantis, Toyota Expand Partnership with Large-size LCV Including an Electric Version

0
307

Estimated Reading Time: 1 minutes

Stellantis N.V. recently announced that they have expanded their partnership to include a large-sized commercial van and a battery electric version. This new vehicle is the third type of body under the agreement. It completes a full LCV range, including compact-, medium- and large-size LCVs.

Stellantis will supply TME the new large-sized commercial van to be sold in Europe under the Toyota name. Stellantis will produce the new vehicle at its plants in Gliwice (Poland) and Atessa (Italy). The new large-size commercial van is scheduled for production in mid-2024. It marks TME’s entry into the large commercial vehicle segment.

Stellantis CEO Carlos Tavares stated that “operational excellence is by definition acknowledged in this expanded deal.” Stellantis continues to demonstrate its expertise in commercial vehicles and battery electric technology, with this third successful engagement. This agreement consolidates our leadership in EU30 for LCVs/low emission vehicles and brings us closer to achieving our Dare Forward 2030 goal to be the undisputed global leader in light commercial vehicles in terms of technology and manufacturing, market share, profitability, and other metrics.

ALSO READ  IIT Guwahati Develops Optimized Voltage Control For Active Power Distribution In Electric Vehicles

TME and Stellantis began their collaboration in 2012 when TME produced a mid-size Toyota LCV at Stellantis Hordain in France. In 2019, TME produced a more competitive and attractive LCV segment at Stellantis plant in Vigo. Toyota’s announcement of a large-sized LCV today deepens their collaboration, allowing them to produce a complete LCV line-up across Europe. Both companies also benefit from cost optimization and development.

We are happy to extend our successful partnership with the introduction of a large-sized commercial van. This is an important addition to our light commercial fleet for Toyota’s European customers. “The new LCV will be a significant contribution to Toyota’s overall LCV line up growth targets, along with the Hilux pickup and Proace City. This will enable Toyota to offer a mobility solution for all segments of LCV market,” stated Matt Harrison, President and Chief Executive Officer at Toyota Motor Europe.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.