Electrification 101

As the global auto industry moves toward electrification, Stellantis is positioning itself to be in the driver’s seat with an exciting strategy to deliver class-leading vehicles that offer advanced technology at affordable prices across our iconic brands.

To help our neighbors and customers better understand this shift, we’ll be reviewing some of the basics of electrification in upcoming editions of this newsletter.

To kick things off, here’s a breakdown of some of the new terms we’re using around vehicle electrification:

• Electrified Vehicle (EV) – A vehicle with electric propulsion that drives using electric power on its own or in conjunction with other fuels.

• Battery-Electric Vehicle (BEV) – A vehicle powered by an electric motor that does not have a gas engine. Under all conditions, it drives using electricity.

• Plug-in Hybrid Electric Vehicle (PHEV) – A vehicle that features an Internal Combustion Engine and electric motor, but has a battery with higher storage capacity. This combination provides better All-Electric Range than traditional hybrids. The Jeep® Grand Cherokee 4xe, built at Mack Assembly, is a PHEV

Stellantis (NYSE: STLA) is one of the world’s leading automakers and a mobility provider, guided by a clear vision to offer freedom of movement with distinctive, affordable and reliable mobility solutions. In addition to the Group’s rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe. Stellantis will leverage its broad and iconic brand portfolio, which was founded by visionaries who infused the brands with passion and a competitive spirit that speaks to employees and customers alike. Stellantis aspires to become the greatest, not the biggest, while creating added value for all stakeholders, as well as the communities in which it operates.

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