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Up to 500,000 Stellantis vehicles will be added to the European fleet of leasing company Ayvens over the next three years.
Stellantis, which owns brands including Peugeot, Citroen, Vauxhall, DS, Fiat, Alfa Romeo, and Jeep, has come to what is described as a multi-billion euro frame agreement that encourages Ayvens' affiliates to buy Stellantis vehicles for its long-term leasing fleet.
The first significant delivery volumes are expected to begin in the first half of 2024 and continue throughout the year.
Ayvens was formed by the merger of ALD Automotive and Leaseplan last year.
Stellantis CEO Carlos Tavares said: "I am thrilled to announce a new groundbreaking agreement with Ayvens, which will aid the progressive transition of Ayven's client base to choosing more sustainable mobility options.
"With our renowned and electrified brands, we offer a vehicle tailored to meet every need, budget and lifestyle.
"This collaboration empowers both current and prospective Stellantis brand customers to experience our latest innovations first-hand, from advanced propulsion to seamless connectivity and unparalleled comfort."
Ayvens CEO Tim Albertsen said: "We are very pleased to have reached this frame agreement with Stellantis in our quest to deliver quality, multi-brand vehicles to our clients which will progressively help them in their transition to more sustainable emissions through a best-in-class product range and service quality.
"This commercial partnership will allow us to work closely together with Stellantis to ensure more competitive pricing for our clients and perfectly illustrates our capacity to leverage our new scale and buying power to achieve better value and synergies for all of our stakeholders.
"The mobility industry is structurally a high-growth market which is underpinned by clients' shifting from ownership to usership, their requirement for full-service leasing solutions, their need for visibility over their costs and their commitment to reduce their carbon footprint.
"We play a critical role in creating an efficient and robust ecosystem with our partners in order to deliver the best value and benefits to our clients as they transition to sustainable mobility. Our goal is to lead this transition and shape the future of our industry as the leading global sustainable mobility player."
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