Stellantis and Engie create joint venture for electric mobility
Through its FCA Italy subsidiary, Stellantis has signed a full set of agreements to create a joint venture with Engie EPS, the industrial player within the Engie Group. The new entity aims at becoming champion in e-mobility, offering services ranging from residential and public charging infrastructure to charging subscription and V2G (vehicle-to-grid) technologies.
Engie and FCA have already been working together for three years. This partnership yielded some interesting products for both companies, especially the development of the easyWallbox exclusively for FCA. This was interesting for the Italo-American group as it launched two plug-in hybrid Jeeps and the new, fully electric Fiat 500 last year.
Joint venture for e-mobility
After this successful partnership, both companies take it a step further. This Tuesday, FCA Italy S.p.A., now fully part of the Stellantis group, and Engie EPS, the electro-industrial part of the Engie Group, signed the agreements that seal their new joint venture. As is the case for any announcement of a joint venture, the completion is subject to the competent antitrust authorities’ clearance.
As described in the press release, the new entity will offer a complete range of products and innovative solutions hovering around electric mobility. It will offer charging infrastructures, residential and public ones, as well as charging subscription services.
The joint venture will continue to work on V2G (vehicle-to-grid) integration. It has already been working on the technology for quite some time with the Mirafiori plant project, where 32 two-way 50 kW fast charging points connect 64 electric Fiat 500 to the plant’s grid. They are used to stabilize the plant’s electricity production from its 5 MW solar panel installation.