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Tag Archives: carlos tavares
Stellantis and CATL MoU for Lithium Iron Phosphate Batteries
Stellantis and CATL are considering the possibility of a joint investment in the form of a joint venture with equivalent contributions. Stellantis aims to use lithium iron phosphate (LFP) batteries to assist making its Dare Forward 2030 electrification targets. LFP has a long service life and high thermal stability. Continue reading
Posted in electric vehicles, environment, manufacturing, milestones, mobility company, news analysis
Tagged affordable electric vehicles, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, EV battery ‘gold rush’, Ken Zino, LFP EV batteries, Robin Zeng, Stellantis and CATL MoU
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Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B
Stellantis* today posted a pre-tax operating profit of €3 billion. The company that is partly comprised of Jeep, Dodge Jeep and Ram said the strikes cost it around €750 million. However the strikes – characterized as “work stoppages”- resulted in … Continue reading
Posted in economy, financial results, manufacturing, marketing, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, chrysler, Controlled Thermal Resources, Dodge Fiat, fca, Jeep and Ram, Ken Zino, Natalie Knight, Stellantis Q3 2023 results, STLA
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Stellantis Invests in Chinese Leapmotor to Expand EV Sales
“As consolidation unfolds among the capable electric vehicles start-ups in China, it becomes increasingly apparent that a handful of efficient and agile new generation EV players, like Leapmotor, will come to dominate the mainstream segments in China,” said Stellantis CEO Carlos Tavares. Continue reading
Posted in electric vehicles, manufacturing, milestones, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Dare Forward, Ken Zino, Leapmotor, Zhejiang Leapmotor Technologies Ltd, Zhu Jiangming
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UAW Publicly Pans Stellantis Contract Proposal
The UAW used social media last night to update members about the contract talks at Stellantis (formerly Fiat-Chrysler or FCA). Shawn Fain led of course with the oft used observation that “Stellantis just made $12.1 billion in net profits in the first half of 2023. What followed was an update that appears to show that little to no progress is being made. The UAW contract expires on Sept. 14, and it covers 150,000 autoworkers at Ford, General Motors and Stellantis. Stellantis CEO Carlos Tavares’ compensation has increased 72% over the last four years, the UAW noted. Continue reading
Stellantis Posts Record Revenue and Profits for 2023 Half 1
Stellantis (NYSE: STLA) today posted strong growth while setting new records in net revenues, operating income and net profit for the first half of 2023 while continuing its transformation to electrified and software-defined vehicles for its 14 brands. Stellantis currently has 25 BEVs available today and another 23 launching through 2024. Continue reading
Posted in financial results, mobility company
Tagged alfa romeo, auto industry commentary, autoinformed.com, carlos tavares, chrysler, citroën, Dodge, DS Automobiles, Fiat, Free2Move, jeep, Ken Zino, lancia, Leasys, maserati, opel, Peugeot, ram, Vauxhall
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Stellantis and Samsung SDI to Build Second US Battery Plant
“This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade,” said Stellantis CEO Carlos Tavares. “We are continuing to add more capacity in the United States together with our great partner Samsung SDI and laying the next steps to reaching our carbon neutrality commitment by 2038.” Continue reading
Stellantis, Vulcan Sign Deal for Renewable Energy at Mulhouse
Mulhouse is where the DS7, Peugeot 308 and e-308, 508, and the new 408 are made. Based on current assumptions, the project could provide a significant portion of the industrial site’s annual energy needs starting in 2026, Stellantis said. It’s the latest move in the Stellantis fight against climate change with its ambitious goal of reaching carbon net zero emissions by 2038, with a 50% reduction by end of this decade. Continue reading
Posted in alternative fuels, electric vehicles, energy, environment, manufacturing, milestones, public health
Tagged Arnaud Deboeuf, auto industry commentary, autoinformed.com, carlos tavares, citroën, FCA and PSA, Francis Wedin, Ken Zino, Mulhouse plant, Peugeot, Upper Rhine Graben, Vulcan Energy
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Stellantis, TotalEnergies, Mercedes-Benz Open Battery Factory
Stellantis (NYSE: STLA), TotalEnergies and Mercedes-Benz, celebrated today the inauguration of the Automotive Cells Company’s (ACC) battery factory in Billy-Berclau Douvrin, France, the first of three planned in Europe. Continue reading
Stellantis Buys Share of Symbio for Fuel Cell Technology
“Acquiring an equal stake in Symbio will bolster our leadership position in hydrogen-powered vehicles by supporting our fuel cell van production in France, and it also serves as a perfect complement to our growing battery electric vehicle portfolio,” said Carlos Tavares, Stellantis CEO. Continue reading
EV Battery Gold Rush – Stellantis and Alliance Nickel
NiWest is an advanced nickel-cobalt development project in Western Australia that hopes to produce ~90,000 tpa (tons per annum) of battery grade nickel and cobalt sulphate for the electric vehicle market. To date, more than AU$30 million has been invested into drilling, metallurgical test work and development studies. Stellantis today also agreed agreed to purchase €9.2 million (AU$15 million) in new equity in Alliance Nickel, giving it an 11.5% shareholding on completion and rights to nominate one director to the Alliance board. Money from the equity purchase will be applied to the completion of the NiWest Project Definitive Feasibility Study and engineering design works, expected in the last quarter of 2023. Continue reading
Stellantis to Convert Three Indiana Plants to EV Components
As a result more than 265 jobs will survive. Stellantis* said that its total investments in Indiana since 2020 to support electrification goals will increase to nearly $3.3 billion, including gigafactory joint venture with Samsung SDI. This is to support the goal of 50% battery electric sales in the U.S. by 2030. Continue reading
Stellantis Opens its First Circular Economy Hub in Turin
Stellantis has opened its SUSTAINera Circular Economy Hub (CE Hub) at the former Fiat Mirafiori Complex in Turin, Italy. Stellantis hopes to foster its so-called Circular Economy ambitions with a 360-degree approach based on its 4R strategy: Reman, Repair, Reuse, and Recycle. The objectives of the CE Hub are to extend the life of parts and vehicles, ensuring that they last for as long as possible. When that is no longer possible, the material is collected for recycling from the re-manufacturing operations, and from the end-of-life vehicle dismantling activity, and then returned to the manufacturing loop to build new vehicles and parts. Continue reading →