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Tag Archives: Stellantis
Stellantis and CATL JV for LFP Battery Plant in Spain
Stellantis (NYSE: STLA )* and CATL (Shenzhen 300750) today announced they have reached an agreement to invest up to €4.1 billion to form a joint venture that will build a large-scale European lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. Designed to be carbon neutral, the battery plant will be implemented in several phases and investment plans. The transaction is expected to close during 2025 and is subject to customary regulatory conditions.
“Stellantis is committed to a decarbonized future, embracing all available advanced battery technologies to bring competitive electric vehicle products to our customers,” said Stellantis Chairman John Elkann. “This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach. I want to thank all stakeholders involved in making today’s announcement a reality, including the Spanish authorities for their continued support.” Continue reading
Posted in connected vehicles, environment, fuel economy or emissions, global warming, manufacturing, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, battery electric vehicles, CATL, John Elkann, Ken Zino, lithium iron phosphate, Robin Zeng, Stellantis, X @KenAutoinformed, Zaragoza Spain
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Stellantis Bets the Company on STLA Frame
Stellantis (NYSE: STLA) has debuted a new multi-energy Platform: dubbed STLA Frame. Purposely designed for full-size, body-on-frame trucks and SUVs, STLA Frame can use internal combustion, hybrid, hydrogen, battery electric (BEV) and range-extender electric vehicle (REEV) technologies. In short, struggling Stellantis’ future is dependent on this new architecture. (read AutoInformed.com on: Beleaguered Stellantis Cuts 2024 Financial Guidance, and Stellantis Q3 2024 – Shipments and Revenues Plunge)*
“Like STLA Medium and STLA Large, STLA Frame combines an unprecedented range with new levels of capability and performance to offer best-in-class range, payload and towing for our customers who need reliable and powerful trucks and SUVs, to haul their families or power their businesses,” said Stellantis CEO Carlos Tavares. “With full EV and extended-range EV tech coming soon, we’re bringing ‘no compromise’ solutions to buyers who may be hesitant on trying their first electric vehicle. We’re proud of this engineering marvel and look forward to seeing it come to life in our upcoming product blitz on Jeep and Ram.” Continue reading
Posted in auto news, electronics, engineering, fuel economy or emissions, global warming, manufacturing, marketing, milestones, mobility company, news analysis, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, jeep, Ken Zino, ram, Stellantis, STLA Frame, X @KenAutoinformed
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IONNA Breaks Ground on So-Called Rechargery for EVs
IONNA, a charging network founded by eight automakers – BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, Stellantis and Toyota – announced today the ground breaking for the first IONNA ‘Rechargery.’ It is remaking a historic district gas station into an EV charging station in Apex, North Carolina. AutoInformed notes the irony, and also that the town was built around a railroad steam engine refill pond, which the workers dubbed Apex. Continue reading
Posted in alternative fuels, auto news, electric vehicles, global warming, marketing, milestones, news analysis, public health, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW, general motors, honda, hyundai, IONNA Rechargery, Jackie Slope, Ken Zino, kia, mercedes-benz, Stellantis, toyota, X @KenAutoinformed
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Canadian Government Halts Teamsters Canada Freight Strike
Major automakers such as Ford Motor, General Motors, Honda, Stellantis and Toyota assembling vehicles in Canada or shipping engines and various other components to the United States got a reprieve late today as a previously reluctant Canadian government intervened in a railroad freight strike.
“I’ve directed the Canada Industrial Relations Board to assist the parties in settling the outstanding terms of their collective agreements by imposing final binding arbitration,” said Canadian Labor Minister Steve MacKinnon at a press conference. Continue reading
Posted in auto news, customer satisfaction, economy, labor issues, manufacturing, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Canada Industrial Relations Board, Canadian Labor Minister Steve MacKinnon, ford motor, general motors, honda, Ken Zino, Stellantis, toyota, X @KenAutoinformed
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Toyota Joins IONNA EV Charging Network in North America
IONNA and Toyota Motor North America (NYSE: TM) said today announced that Toyota has joined seven other automakers as an investor in IONNA* to support the build-out of its charging network for battery electric vehicles (BEVs) across North America. This … Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW, general motors, honda, hyundai, IONNA, Ken Zino, kia, mercedes-benz, Stellantis, Ted Ogawa, toyota
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Supplier Relations Study – Toyota Ascending, Ford Slumping
The two big issues – cost and fairness – have been created and compounded by changing electric vehicle (EV) demand that sees automakers switching to hybrid configurations, or canceling EV programs and again ramping up conventional powertrain production. These are occurring while rising costs are squeezing automaker’s suppliers. Continue reading
Do Media Have the Electric Vehicle Market Collapse Wrong?
The European Passenger Vehicle (PV) Battery Electric Vehicle market EV market grew ~32% with positive growth in all months except December during 2023. This growth was better than many forecasters indicated at the start of last year (and better than in 2022), with some predicting no growth. BEV sales volume came in at just under 2.1 million units. This is 500,000 more than were sold in 2022.
“It is clear there has been some recent slowdown in the market, but it depends where you look. Some brands are doing considerably better than others, with the likes of MG and Tesla standing out as strong performers in 2023,” the respected consultancy GlobalData said today. Continue reading
Posted in auto news, blog, connected vehicles, economy, electric vehicles, environment, fuel economy or emissions, global warming, news analysis, sales
Tagged Al Bedwell, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BEV market, carlos tavares, European BEV demand and forecasts, EV technology and pricing, GlobalData, Hyundai Casper, Ken Zino, mg, Stellantis, tesla
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Stellantis Reveals STLA Large EV Platform
“Our goals for our STLA platforms are ambitious but this is what our customers need from us today,” said Stellantis CEO Carlos Tavares. “Creating a family of vehicles from a well-engineered set of components that is flexible enough to cover multiple vehicle types and propulsions, over-performing any of our current products, will address each of our iconic brands’ customers. The flexibility and agility of this platform is its hallmark and will be a driving force for our success in the shift to electrification in North America.” Continue reading
Posted in alternative fuels, auto news, connected vehicles, design and styling, electric vehicles, electronics, engineering, environment, fuel economy or emissions, global warming, manufacturing, marketing, mobility company, new vehicle, news analysis, shows and events
Tagged 400-volt and 800-volt electric architectures, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, carlos tavares, Ken Zino, Stellantis, Stellantis Dare Forward 2030 strategic plan, STLA large platform
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Valorauto Recycling Now Available to Private Owners
The is a result of a new French regulation -The Anti-Waste and Circular Economy (AGEC),** which requires manufacturers to provide solutions to manage the end-of-life of their products. Stellantis intends to set up its Individual System with VALORAUTO as its Service Provider. The VALORAUTO service will be offered to private owners not only in France but also in Belgium and Luxembourg in what looks to be an attempt to get out in front of an expansion of the regulation in the EU. Continue reading
Stellantis Pulls Out of Electronics Show to Cut Costs
In a terse statement this morning from Amsterdam, Stellantis (NYSE: STLA) said “as the costs of the ongoing UAW strikes against Stellantis continue to mount, the Company has decided to cancel its planned display and presentations at CES® 2024.” It was scheduled to appear there during January 2024 in Las Vegas, Nevada. Continue reading
More Stellantis Executive Changes as Stock Drops
“Through targeted organizational adjustments, the regions now have enhanced local decision-making and execution capabilities in respect of product planning, product development, industrial and commercial activities, while maintaining coordination with the Company’s global functions to best serve their customers,” Stellantis said. However, there still is no new permanent Chief Executive Officer from the Special Committee of the Board of Directors at a time when Trump’s executive orders – viz tariff’s – are wreaking havoc in the auto industry. Stellantis shares are down ~8% this morning. Continue reading →