Palantir Technologies (PLTR) Signs Global Enterprise Deal With Stellantis (STLA)

By Amit Chowdhry ● May 25, 2022
  • Palantir Technologies Inc. (NYSE: PLTR) announced a partnership with one of the world’s leading automakers and mobility providers Stellantis N.V. (NYSE: STLA). These are the details.

Palantir Technologies Inc. (NYSE: PLTR) announced a partnership with one of the world’s leading automakers and mobility providers Stellantis N.V. (NYSE: STLA). Stellantis is going to deploy Palantir’s Foundry operating system across the company’s brands, business functions, and plant locations to accelerate its digital transformation into a sustainable mobility tech company, improve supply chain performance, and enhance vehicle quality, speed deliveries, and scale marketing and sales efforts.

This agreement is going to expand Palantir’s previous relationships with Stellantis’ founding companies to a global and enterprise-wide license across the company’s vast ecosystem and 14 iconic automotive brands with Palantir Foundry powering decisions across markets and functions at what became in 2021 a world leader for a new era of sustainable mobility.

Palantir Foundry was designed for transforming the way organizations operate by creating a central operating system for their data and integrating siloed data sources into a common operating picture. And beyond scaling best practices across the merged group, Stellantis is going to utilize Foundry to build a unified digital twin of its operations and accelerate company-wide synergies.

Plus Foundry will also be used across a variety of functions designed to help improve quality, ensure continued delivery and service in today’s supply-driven world, and contribute to improving margins. For example, the ability to analyze billions of connected vehicle data points through Foundry will give Stellantis the tooling to foresee quality issues and leverage intelligence about the state of vehicles for research and development.

Foundry is also going to help increase Stellantis’ insight into parts availability and shift its tooling to meet the needs of customers in a supply-driven world. And it will also help deliver key sales and marketing insights, leading to a better understanding of profitability drivers and customer trends.

KEY QUOTE:

“We are grateful for the confidence of Stellantis that led to the expansion of our collaboration across their enterprise. In today’s data-driven world, the Foundry operating system is uniquely positioned to offer insight into critical operational and manufacturing functions.”

— Palantir executive Josh Harris