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Stellantis Unveils First Hybrid SUV to Capture Market Share

3/10/2026

Summary

Story summary

Stellantis is launching its first hybrid SUV, the 2026 Jeep Cherokee, utilizing technology from Blue Nexus and Bosch.
The Cherokee will feature a two-motor electric continuously variable hybrid transmission, while the Grand Wagoneer EREV will also use Bosch's technology.
This transition to hybrid vehicles aims to help Stellantis regain market share in North America amid rising demand for fuel-efficient options.
S&P Global Mobility projects hybrids will account for 18.4% of U.S. sales in 2023, compared to 7.1% for all-electric vehicles.
Stellantis has incurred significant financial charges related to its earlier electric vehicle plans.

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Story summary

Stellantis is launching its first hybrid SUV, the 2026 Jeep Cherokee, utilizing technology from Blue Nexus and Bosch.
The Cherokee will feature a two-motor electric continuously variable hybrid transmission, while the Grand Wagoneer EREV will also use Bosch's technology.
This transition to hybrid vehicles aims to help Stellantis regain market share in North America amid rising demand for fuel-efficient options.
S&P Global Mobility projects hybrids will account for 18.4% of U.S. sales in 2023, compared to 7.1% for all-electric vehicles.
Stellantis has incurred significant financial charges related to its earlier electric vehicle plans.