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Stellantis (NYSE:STLA) announced on Friday that the carmaker has partnered with Qinomic, a French high-tech company focused on mobility, to develop a project aiming to convert internal combustion engine vans into electric-powered vehicles.
“The retrofit solution aims to extend vehicle life and usage, ensuring sustainability and affordability at the same time,” Stellantis said in a statement.
“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,” said Eric Laforge, Stellantis’ vice president of Light Commercial Vehicles for the European region. “Retrofitting technology like this will enable Stellantis to support this trend,” he added.
Stellantis said the project would be developed next year, while implementation and commercialization are expected to start in France from 2024.
Shares of STLA are down 3.63% in pre-market trading on Friday.
