Carmaker Stellantis creates new data services business

Jan 5 (Reuters) – Automaker Stelantis (STLA.MI) said on Thursday it will create a new business unit to help expand its data services business.

A new division called Mobilisights will license data to a wide range of customers, including rival automakers, with Stellantis’ connected cars expected to total 34 million by 2030.

Mobilisights CEO Sanjiv Ghate told reporters the business could help reduce accidents, for example by relaying information about road hazards, and could also tailor insurance products to individual drivers. said.

Creating a separate unit should make it easier to establish partnerships, added Ghate, who joined Stellantis last year and is based in the San Francisco area.

Mobilisights will be a key contributor to the €20 billion increase in annual revenue Stellantis expects from software-related services by 2030, the company said in an announcement at the CES convention in Las Vegas.

Ghate said he can’t accurately estimate the revenue Mobilisights is expected to contribute, but Stellantis has a number of software units that each generate “over $1 billion” in revenue.

This is the second of seven new value-added business units planned by Stellatis, whose brands include Fiat, Peugeot and Jeep. The first is a circular economy business aimed at making greater use of recycled materials in production.

Overall, Stellantis aims to double its revenues to €300 billion annually by 2030, while maintaining high margins.

Reported by Gilles Guillaume in Paris, Keith Weir in London, written by Keith Weir.Editing by David Evans

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