Archer Aviation and Stellantis have provided an update on their strategic manufacturing partnership at the 2023 Paris Air Show. The companies are making significant progress in the construction of the world's first high-volume electric Vertical Takeoff and Landing (eVTOL) aircraft manufacturing facility in Covington, Georgia. Stellantis has increased its strategic shareholding in Archer through open-market stock purchases.
Stellantis CEO Carlos Tavares expressed his confidence in the partnership, stating that both teams are working diligently to ensure the timely establishment of scalable manufacturing for Archer's aircraft by mid-2024. Tavares believes this collaboration sets a benchmark for cross-industry cooperation and aligns with Stellantis' strategy to lead the global mobility sector, providing comprehensive mobility solutions. He emphasized the commitment of the trusted teams working together with Archer, reinforcing the path to success.
Archer's founder and CEO, Adam Goldstein, emphasized the company's ambition to achieve commercialization at scale, recognizing the pivotal role of high-volume manufacturing in this endeavor. The partnership with Stellantis, one of the world's leading mobility companies, presents an unprecedented opportunity to redefine urban transportation. Goldstein expressed pride in the accomplishments already achieved through this collaboration, highlighting Archer's leadership in expanding manufacturing capabilities within the industry.
Throughout the manufacturing ramp-up phase, the objective is to leverage the strengths of both companies to rapidly scale aircraft production in line with Archer's commercialization plans. As the facility moves closer to its mid-2024 launch, experienced Stellantis personnel are working alongside the Archer team on a full-time basis. They are supporting operational readiness, with a focus on manufacturing automation and component sourcing. Stellantis personnel have integrated into various departments of Archer's operations, including manufacturing, engineering, supply chain, quality control, facilities, and human resources.
The initial manufacturing operations will have the capacity to produce up to 650 aircraft annually, with room for expansion to support the production of up to 2,300 aircraft per year. Achieving such volumes would position this facility as the world's leading aircraft manufacturing site in terms of volume.
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