Stellantis promotes opportunities for minority-owned businesses in EV shift

Detroit — The chief operating officer in North America of the maker of Jeep SUVs and Ram trucks on Monday emphasized the opportunities for minority-owned businesses to be a part of the company’s transformation toward electrification.

Stellantis NV’s Mark Stewart said during the Rainbow PUSH Global Automotive Summit that the automaker is in the midst of negotiations for its third electric-vehicle battery plant that could come online in 2026. It likely will be in the United States, he said. With EVs representing 5.5% of U.S. vehicle sales so far this year, according to S&P Global Inc.’s mobility team, the increasing adoption of EVs presents opportunities for suppliers and other business partners and is a chance for the industry to be more representative of the communities it serves.

Mark Stewart, chief operating officer in North America at Stellantis NV, says the opportunity is now for minority-owned businesses to take advantage of the electrification transformation.

“Now is the time,” Stewart said at the MotorCity Casino Hotel during the conference held by the Rainbow PUSH Coalition founded by the Rev. Jesse Jackson that’s focused on human and civil rights. “Look at Tesla. How many EVs are really sold? We just saw the stat. There’s not that many in the marketplace. The time is still prime to join.”

Stellantis has yet to launch an all-electric vehicle in North America. But it projects more than half of its sales on the continent will be BEVs by 2030. It is investing $35.5 billion into electrification and software by 2025.

Efforts also are around building out supply chains for the critical materials and components of EVs and their batteries in trade-friendly partners of the United States. Currently, many of those networks are based in China. Stellantis has signed agreements to obtain minerals like lithium, nickel and cobalt from companies in California, Australia and Germany.

“We don’t have as many here in the U.S.,” Stewart said of the critical mineral resources. “And our friends to the north in Canada are very resource rich in that, in a lot of the chemistry that goes with it. Mexico, as well, with lithium and some of the others. So we’ve got dedicated teams and purchasing that are out making sure we’re securing that capacity for our needs. And if things progress as we see, that’s why we need that third plant online in ’26.”

Adding to the challenges of the transformation is the need for talent. The summit also recognized Stellantis and the Wayne County Community College District with its benchmark award for a $27 million mechatronics program that will train students in robotics and other skills needed in the industry.

“We can meet the needs of higher ed and workforce development, skill development in all of those supply chain industries,” said CharMaine Hines on behalf of WCCD Chancellor Curtis Ivery. “We take the city and our communities where it needs to go.”