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Stellantis, a leading automaker and mobility services provider, posted a 14% year-on-year increase in net revenue to €47.2 billion ($53 billion) in the first quarter of 2023, with positive contributions from all divisions.
Global battery electric vehicle (BEV) sales grew 22% year-over-year. Nine more BEV models will be launched in 2023, bringing the total number of BEV products to 47 by the end of 2024.
solid start
“Stellantis is off to a strong start in 2023, maintaining its excellent momentum in 2022 with strong shipments and net income across all segments. Our global footprint and diverse product portfolio demonstrate our ability to continue to deliver throughout the year Strong financial performance.
“This year we will add nine new pure electric vehicles to our range, continuing to drive
Providing clean, safe and affordable mobility for all,” said Richard Palmer, Stellantis Chief Financial Officer.
The electrification offensive in North America is fast approaching, underscored by the introduction of the all-new all-electric Ram 1500 REV at the New York International Auto Show. The Jeep Avenger, the brand’s first BEV, was named “European Car of the Year 2023” and “World’s Best Family SUV 2023” by the Women’s World Car of the Year Awards.
Stellantis is focused on executing on the three pillars outlined in its Dare Forward 2030 strategic plan:
care
Stellantis underscores its commitment to global gender equality through the adoption of the United Nations Principles of Women’s Empowerment. In its move towards carbon neutrality, the company signed a binding term sheet with Vulcan to develop a new geothermal project aimed at decarbonizing the energy mix at Germany’s Rüsselsheim industrial site.
science and technology
Stellantis is keeping pace with the electrification transition. Manufacturing investment announcements in Mangualde, Portugal; Eisenach, Germany; Cassino, Italy; and Kokomo, Indiana, USA continue to build a network of partners to secure the supply of essential battery materials, with McEwen Copper, Terrafame Ltd. Signed a strategic agreement with Element 25. Stellantis also expanded its software development and engineering network to eight centers with the opening of a new facility in Gliwice, Poland.
value
Stellantis has taken various actions to support growth in the Middle East and Africa region, including the signing of a framework agreement with South African authorities to develop a manufacturing facility, an agreement with Koç Holding to further expand its existing Tofaş joint venture in Turkey, and, in Algeria, the launch of the FIAT brand, Six sedans are planned to be launched on the market. In Europe, the new retailer model will be implemented in pilot countries from mid-2023, according to an agreement with the European Dealers Association. — trade arab news agency
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