Stellantis, a leading automaker and mobility provider, has seen Q1 2023 net revenues rise 14% year-over-year to 47.2 billion euros ($53 billion), with all segments contributing positively.
Global battery electric vehicle (BEV) sales increased 22% year-over-year. There are 9 additional BEVs to be launched in 2023, and total BEV offerings to reach 47 by the end of 2024.
Solid start
“Stellantis is off to a solid start in 2023, maintaining the momentum from an excellent 2022 and posting robust shipments and Net revenues in all segments. Our global footprint and diverse product portfolio indicate we are well-positioned to continue delivering strong financial performance throughout the year.
“We will add nine new battery electric vehicles to our product offering this year, continuing our drive to
deliver clean, safe and affordable mobility for all,” said Richard Palmer, CFO, Stellantis.
The electrification offensive in North America is fast approaching, highlighted by the unveil of the all-new, all-electric Ram 1500 REV at the New York International Auto Show. The Jeep Avenger, the brand's first-ever BEV, was named "2023 European Car of the Year" and it was also recognised as "World’s Best Family SUV in 2023" by the Women’s World Car of the Year Awards.
Stellantis is focused on the execution of the three pillars outlined in the Dare Forward 2030 strategic plan:
Care
Stellantis emphasised its commitment to global gender equality via adoption of the United Nations Women’s Empowerment Principles. In the march toward carbon neutrality, the Company signed a binding term sheet with Vulcan to develop new geothermal projects aimed at decarbonising the energy mix of the Rüsselsheim industrial site in Germany.
Tech
Stellantis maintained a quick pace in the electrification transformation. Manufacturing investment announcements were made in Mangualde, Portugal; Eisenach, Germany; Cassino, Italy; and, Kokomo, Indiana, US Continuing to build its network of partnerships to ensure supply of essential battery materials, the Company signed strategic deals with McEwen Copper, Terrafame Ltd., and Element 25. Stellantis also expanded its software development and engineering network to eight hubs with a new operation in Gliwice, Poland.
Value
Stellantis took various actions supporting growth in the Middle East & Africa region, including signing a framework agreement with South African authorities to develop a manufacturing facility, entering into an agreement with Koç Holding to further expand the existing Tofaş joint venture in Turkey, and, in Algeria, launching the FIAT brand which plans to have six carlines in market. In Europe, the implementation of the New Retailer Model will begin from mid-2023 in the pilot countries following an agreement with the European dealer associations.-- TradeArabia News Service
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