Much of the sales target will come from Europe, where the company has pledged to convert its entire passenger vehicle lineup to electric power by that year.

Andy Jassy will take over on that date, which is the anniversary of the company’s incorporation in 1994.

The automaker is teaming up with Lockheed Martin to produce light yet rugged vehicles that will travel farther and faster than the lunar rovers that carried NASA’s Apollo astronauts in the early 1970s.

The $8.45 billion deal is the latest in the media industry that’s aimed at boosting streaming services to compete against Netflix and Disney+.