Stellantis confident it can catch up with Tesla, says CEO Tavares:
The world's fourth largest carmaker this month presented its first business plan, with an aim to double revenue to 300 billion euros a year by 2030, stepping up efforts to expand its electrified vehicle models.
Tavares also called for greater investment in charging networks in Europe and the United States, to create a"density" which he deems fundamental to persuade families to switch to relying on electric cars. The carmaker, formed just over a year ago through the merger of Fiat Chrysler and Peugeot maker PSA, has said it had suspended all exports and imports of vehicles with Russia, where it operates a van-making plant in the city of Kaluga, in partnership with Mitsubishi.
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