Self-driving car: Stellantis drives with Hungarian startup aiMotive – 11/17/2022 at 4:18 pm

(AOF) – The French-Italian-American multinational automotive group, Stellantis (-0.76% to 14.13 euros) announced the acquisition of iMotive, a Hungarian company that develops autonomous driving software and advanced artificial intelligence systems. This acquisition allows Stellantis to consolidate its core artificial intelligence and autonomous driving technologies, broaden its international talent pool and drive the mid-term development of its new STLA AutoDrive platform. The financial details of the transaction were not disclosed.

aiMotive will operate as a subsidiary of Stellantis, thus preserving its independence and start-up culture. Headquartered in Budapest, Hungary, the start-up has offices in Germany, the United States and Japan, with more than 200 highly experienced employees worldwide, including engineers specializing in artificial intelligence and autonomous driving.

aiMotive’s high-tech product portfolio focuses on four main areas related to artificial intelligence and autonomous driving: aiDrive (integrated software suite for autonomous driving), aiData (dedicated data tools and intelligence operations technology), aiWare ( expertise and intellectual property for silicon microchips), aiSim (simulation software for the development of autonomous driving).

László Kishonti, founder of aiMotive, will continue as CEO. It will continue to sell three areas of its current portfolio of technology products to other partners.

The software teams of the Stellantis group are already developing the three new technology platforms (STLA Brain, STLA SmartCockpit, STLA AutoDrive) that will be deployed on a large scale in the four new STLA vehicle platforms (STLA Small, STLA Medium, STLA Large, STLA Frame ) from 2024.

The software strategy of this group born from the merger between PSA and FCA is expected to generate around 20 billion euros in additional annual revenues by the end of the decade, within the framework of the ambitious objectives of the Dare Forward 2030 strategic plan, supported by a strategic. €30 billion investment in electrification and software. AiMotive’s cutting-edge experience and start-up soul will allow the automotive group to achieve the objectives of this plan even faster. 🇧🇷

“The acquisition of iMotive’s world-class artificial intelligence and autonomous driving technologies is an important step in our transformation into a leading company in sustainable mobility technology,” said Yves Bonnefont, Director of Software at Stellantis.

Completion of this acquisition is subject to customary closing conditions, including compliance with antitrust laws.


key points

– Sixth largest automobile group in the world – 3


American with 11% market share and 2


European with 20%, born in January 2021 from the Peugeot-Fiat Chrysler Group merger;

– Turnover of 162 billion euros in 14 brands – Alfa Romeo, Chrysler Citroën, DS, Jeep, Opel, Peugeot, etc. – mainly in North America, South America and Europe;

– Business model adapting the group to the new uses of motorists and the electrification of vehicles via digital transformation, internal performance culture (high industrial competitiveness) and social responsibility;

– Capital with 4 main shareholders: the holding of the Agnelli Exor family with 14.4%, the Peugeot family with 7.2%, the Chinese Dongfeng with 5.6% and bpi France with 5.66%, John Elkann as chairman the 11-member board of directors and Carlos Tavares as general manager;

– Solid financial position: €59.7 billion in available industrial liquidity and €56 billion in equity, against a debt of €34 billion.


– “Dare forward 2030” strategic plan: maintenance of a break-even point at less than 50% of turnover and operating margins in excess of 2 digits / doubling of turnover, including a quadrupling of top-of-the-line products, a quarter carried out outside Europe and North America (€20 billion in China) and one-third from online sales, from 2024, $5 billion in cash from synergies;

– Innovation strategy: battery capacity increase to 400 GWh / fuel cell/hydrogen combination for large utilities / new 300 M€ venture capital fund for advanced technologies / strategic partnerships – Foxconn, Archerl, Engie, Mercedes- Benz, Total, Samsung, Amazon… and academies in digital & data & electricity;

– Environmental strategy aiming at carbon neutrality in 2038 with a 50% reduction by 2030: 100% electric vehicles in Europe and 50% in the United States by 2030, i.e. a total of 5 million per year / new circular economy division – purchase of Stimcar reconditioner and launch, in 2


semester, a circular hub in Europe / partnerships, namely with Waymo (“Delivery as service” eco-responsible);

– Electrification plans and software with 30 billion euros of investments until 2025;

– Integration of Share now specialist -5 million customers worldwide;

– Secure the battery ecosystem by 5 giga-companies in Europe and North America, through partnerships and by strengthening the supply of lithium hydroxide.


– Persistent shortage of semiconductors leading to a drop in car sales and inventories in Europe;

– Execution of synergies – €3.2 billion net cash in 2021 from €5 billion expected in 2024;

– Advances in financing activities in the United States and Europe, with high profitability;

– Increase in the operating margin of European activities;

– Following a 17% increase in revenues and an improved operating margin of 270 basis points in 1


half of 2022, double-digit operating margin target and positive free cash flow.

a paradoxical performance

EY data highlights that the performance of the 16 largest manufacturers in the world was particularly strong in 2021. Although the average margin has fallen for three consecutive years, from 6.3% in 2017 to just 3.5% in 2020, this margin has remained at 8.5%. in 2021. This level is a record in ten years. However, the context was particularly hectic for manufacturers, faced with an unprecedented shortage of components. Global sales fell by 14% in 2020, the year of the health crisis, to recover just 5% in 2021. However, last year the players were able to reap the rewards of their efforts in their fixed cost structure.

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