Stellantis’ record results supported by the electricity strategy

The Franco-Italian group Stellantis achieved record results in the first half of 2022 with an adjusted current operating margin of 14.1%, net income of €8,000m and €5,300m of free movement of capital industrial.

The consortium’s electrification strategy has borne fruit, sinceGlobal sales of 100% electric vehicles increased by almost 50% to settle at 136,000 units and thus lead the ranking deliveries of this type of model in the European Union.

In this market, Stellantis ranks second in sales of low-emission pure electric vehicles (LEVs); i.e. electric and plug-in hybrids, unlike the leader in LEV sales of less than 1,000 vehicles. Additionally, it is third in the United States for LEV deliveries.

Stellantis now has a total of 20 all-electric models in its product catalog, to which another 28 vehicles will be added by the end of 2024.

Carlos Tavares, CEO of the company, commented on these satisfactory results: “Faced with a demanding global context, we are pursuing the plan Dare to go forward, offering excellent performance and carrying out our bold electrification strategy. With the resilience, agility and entrepreneurial spirit of our employees and innovative partners, we are transforming Stellantis into a sustainable mobility technology company that is ready for the future.

Tavares detailed that the group’s net turnover amounted to 88,000 million euros in the first six months of the year, which represents an increase of 17% compared to the same period in 2021. This reflects, the company points out, “a strong net price strength, a to mix together of vehicles and the positive effects of currency conversion”.

Net profit of 8,000 million euros represents an increase of 34% compared to the first half of last year. Adjusted current operating income, at 12,400 million euros, represents an increase of 44%, with a margin of 14.1%. The free movement of capital industrial, of 5,300 million euros, exceeds by 6,500 million euros that obtained in the same period of 2021.

In Europe, the new Fiat 500 was the best-selling electric car in Germany and Italy, and the Peugeot e-208 was in France. The Jeep Compass and Renegade were ranked number one and number two among the best-selling LEVs in Italy, and the Peugeot 208, Opel Corsa, Citroën C3, Fiat Panda and Fiat 500 are five of the top 10 best-selling vehicles on the market. continent.

Stellantis’ results were particularly strong in North America, where it achieved record profitability, with an adjusted trading operating profit margin of 18.1%. Market share increased 40 basis points from a year ago to 11.3%, and US share increased 50 basis points to 11.7%.

The Jeep Wrangler 4xe continues to be the best-selling plug-in hybrid (PHEV) in the United States, racking up 19,000 units delivered in the first half, representing a 55% increase over the previous year. The new Grand Cherokee 4xe, also a PHEV, hits dealerships, followed by the new Wagoneer L and Grand Wagoneer L in late 2022.

Gigafactories and mobility services

In the conference on line where these figures were published, the establishment of five battery gigafactories was confirmed, three in Europe and two in North America, in association with Automotive Cells Company, Samsung SDI and LG Energy Solution. Low-carbon lithium hydroxide supply secured by signing agreements with Vulcan Energy and Controlled Thermal Resources in Europe and North America respectively, while Samsung SDI and LG Energy Solution agreements remain subject to customary closing conditions and regulatory approvals, highlights the group.

Finally, Stellantis claims leadership in global mobility after the acquisition of Share Now, making its company Free2move the global leader in mobility with more than 6 million customers worldwide.

Leave a Comment