Stellantis, the parent company of Jeep, Maserati, and Peugeot, has collaborated with Qinomic, a French high-tech mobility business, to develop a project aimed at converting internal combustion engine vans to electric ones.
“The retrofit solution aims to extend vehicle life and usage, ensuring sustainability and affordability at the same time,” said Qinomic in a statement.
This strategy is in line with Stellantis’ ambition of doubling the revenue of its recycling business to more than 2 billion euros ($2.1 billion) by 2030. One component of this ambition is to quadruple revenue from extended-life components and services.
As the world moves toward a zero-carbon future, the alliance will allow the two companies to play their role, according to Eric Laforge, Stellantis’ vice president Light Commercial Vehicles in Europe region.
“In a market boosted by last-mile demand, city access restrictions will soon require recent LCV (light commercial vehicles) owners to look for a solution to convert to zero emissions,”
Stellantis did not indicate the cost of converting your van’s combustion engine to an electric engine. However, the corporation stated that the concept would be developed next year, with implementation and commercialization beginning in France in 2024.