Stellantis is accelerating its momentum to deliver both clean, safe and affordable mobility, and delivering on the ambitious commitments of its Dare Forward 2030 strategic plan. The company posts a 14% increase in net revenues in the first quarter of 2023 compared first quarter of 2022 with a positive contribution from all business segments.
Global electric vehicle (BEV) sales were up 22% year-over-year. 9 more BEVs will be launched in 2023, and the total number of BEV models will reach 47 by the end of 2024.
Stellantis is starting 2023 with very good momentum, reflecting its excellent 2022. We are thus posting increased sales volumes and net revenues in all our business segments. Our global presence and diversified product portfolio will enable us to continue to deliver strong financial performance throughout the year. We will add nine new electric vehicles (BEVs) to our product offering by the end of 2023, continuing our efforts to provide clean, safe and affordable mobility for all. »
Richard Palmer, CFO
The North American electrification offensive is fast approaching, including the unveiling of the all-new all-electric Ram 1500 REV at the New York International Auto Show. The Jeep® Avenger, the brand’s first BEV, has been named ” European Car of the Year 2023 » and was also designated « Best family SUV in the world in 2023 » par les ‘Women’s World Car of the Year Awards’.
Stellantis is focused on executing the three pillars defined in its Dare Forward 2030 strategic plan:
Engagement : Stellantis has reaffirmed its commitment to gender equality worldwide by adopting the United Nations “Women’s Empowerment Principles”. Committed to carbon neutrality, the company has signed a binding letter of intent with Vulcan to develop new geothermal projects aimed at decarbonizing the energy mix of the Rüsselsheim industrial site in Germany.
Tech : Stellantis has maintained a steady pace in its transformation towards electrification. Industrial investment announcements were made for the Mangualde sites in Portugal; Eisenach, Germany; Cassino, Italy; and, Kokomo, Indiana, USA. Continuing to develop its network of partners to ensure its supply of essential battery materials, the company has signed strategic agreements with McEwen Copper, Terrafame Ltd. and Element 25. Stellantis has also extended its network of skills in the field of software engineering and development with a new facility in Gliwice, Poland, bringing the number of dedicated hubs to eight.
Value : Stellantis has taken several decisions to support growth in the Middle East and Africa region, including signing a framework agreement with the South African authorities to develop a manufacturing plant, entering into an agreement with Koç Holding to further develop the current Tofaş joint venture operating in Turkey and, by launching in Algeria the FIAT brand, which plans to market six cars on the market. In Europe, the implementation of the New Retailer Model will start from mid-2023 in the pilot countries following an agreement with the European dealer associations.
2023-05-07 10:27:32
#Stellantis #announces #increase #net #sales #1st #quarter #business #segments #contribute #positively
