(Alliance News) - Ayvens, a global leader in sustainable mobility, and Stellantis NV on Monday reached "a strategically important multibillion-dollar framework agreement," as detailed in a note.

The agreement includes the purchase of up to 500,000 vehicles by Ayvens' affiliates for its long-term leasing fleet across Europe over the next three years, the companies explained in a note.

The first deliveries will begin in the first half of 2024 and continue throughout the year.

Ayvens was created in May 2023 when ALD Automotive acquired LeasePlan, one of the world's leading fleet management and mobility companies.

With this agreement, Ayvens and its customers will be able to choose from a wide range of vehicles from the iconic Stellantis brands: including Alfa Romeo, Citroën, DS Automobiles, FIAT, Jeep, Lancia, Opel, Peugeot, and Vauxhall.

"One of the shared priorities will be the integration of Stellantis' innovative line of sustainable vehicles to support Ayvens' multi-brand strategy," the companies announced.

Deliveries to Ayvens will include a wide range of segments, from city cars to SUVs in addition to vans and minivans including 7- and 9-seaters, with a wide choice of engine types including battery electric vehicles equipped with the latest innovations in software and infotainment.

As part of its Dare Forward 2030 strategic plan, Stellantis announced a goal of achieving 100 percent of the sales mix of battery electric cars in Europe and 50 percent of the sales mix in the U.S. of BEV cars and light commercial vehicles by 2030. To achieve these sales targets, the company lets it know that it is seeking to secure about 400 GWh of battery capacity, with the support of six battery manufacturing plants in North America and Europe, as the memo released by the companies continues.

Carlos Tavares, CEO of Stellantis, commented, "I am excited to announce this innovative partnership with Ayvens, which will support Ayvens' customers' progressive transition to more sustainable mobility. With our iconic brands and electric vehicle offerings, we are able to provide a solution tailored to every need, every budget, and every lifestyle. Through this agreement, current and future customers of Stellantis brands will be able to experience our latest innovations, from advanced propulsion to high-performance connectivity, as well as unparalleled comfort. This is a great opportunity for Ayvens' customers and is the right way for us to move forward together toward a zero-carbon future."

Stellantis trades in the red 1.6 percent at EUR24.22 per share.

By Claudia Cavaliere, Alliance News reporter

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