Fiat Chrysler merger creates fourth-largest carmaker (UPDATES)

Magna's 48 Volt hybrid transmission goes into production with Stellantis
Magna's 48-Volt hybrid dual-clutch transmission debuts on the Jeep Renegade and Compass e-Hybrid, Fiat 500 X and Tipo; production underway at Magna’s Slovakia facility

30 Oct 2022

Magna’s 48 Volt hybrid transmission hit the market on the Jeep Renegade, Compass e-Hybrid, Fiat 500 X and Tipo, the first models from Stellantis to be equipped with a 48-Volt hybrid system. The two companies have signed a multi-program agreement.

Hybrid technologies are an important step on the path to lower emissions. Magna's hybrid transmission achieves stringent CO2 targets and offers improved driving dynamics due to electric torque vectoring and traction support.

Magna's 48V 7-speed dual-clutch transmission for hybrids provides a maximum torque of 320 Nm and torque-split technology to optimize the efficiencies of the combustion engine (ICE) and the e-motor. The e-motor is capable of providing propulsion to the vehicle even when the ICE is switched off. This new transmission features independent on-demand cooling for the clutch and e-motor with a single oil circuit for cooling and lubrication, resulting in significant CO2 reductions in WLTC and real-world driving.

"Our scalable transmission technologies aid our customers in their transition to vehicle electrification which help to achieve regulatory targets. The transmission enhances both efficiency and performance. We are excited that Stellantis has awarded Magna this hybrid transmissions business across multiple vehicle models, a testament to our expertise and capabilities," said Tom Rucker, President Magna Powertrain.

Magna is producing the 48V hybrid transmission at its division in Kechnec, Slovakia. Further 48V hybrid transmissions are expected to be adopted in additional future Stellantis models.

BorgWarner to supply electric motors for e-axles of European CV maker | Autocar Professional

November 3, 2022

Third Quarter 2022 Shipments and Revenues

Stellantis Reports Strong Growth in Q3 2022 Net Revenues, Up 29%
Full-Year Guidance Confirmed

• Net revenues reached €42.1 billion, up 29% compared to Q3 2021, mainly reflecting higher volumes, continued strong net pricing and favorable FX translation effects
• Consolidated shipments(1) of 1,281k units, up 13% y-o-y, primarily due to improvement in semiconductor order fulfillment versus Q3 2021
• Total new vehicle inventory of 926k units at September 30, 2022. Company inventory of 275k units, up 179k units from December 31, 2021, primarily in Enlarged Europe due to logistics challenges
• Global BEV sales increased 41% versus Q3 2021

“Buoyed by the enthusiastic response to our Dodge and Jeep EV Days over the summer, and our Q3 global BEV sales increasing 41% year-over-year, we are executing our Dare Forward 2030 electrification roadmap at a fast pace to meet the strong demand for electrified vehicles. We look forward to CES 2023 in January in Las Vegas, where the Ram 1500 Revolution BEV Concept will make its worldwide debut.”
Richard Palmer, CFO

AMSTERDAM - As global sales of Stellantis’ battery electric vehicles (BEVs) increased 41% y-o-y to 68k units, and sales of low emission vehicles rose 21k units y-o-y to 112k vehicles in Q3 2022, the Company continued to execute its bold electrification plans and progress towards achieving its Dare Forward 2030 strategic plan goals.
Offering best-in-class fully electrified vehicles: Jeep® brand announced its plan to become the global leader in SUV electrification, bringing four all-electric SUVs to North America and Europe by 2025, supporting Stellantis’ carbon net zero ambition. The announcement came just weeks after Dodge took a giant step forward on the performance brand’s road to an electrified future, revealing the Dodge Charger Daytona SRT, a concept that reimagines what a BEV can be.
Executing on its plan to become the global leader in SUV electrification, the Jeep brand unveiled the all-new Jeep Avenger, the brand’s first-ever BEV, at the 2022 Paris Motor Show, with pre-booking for the 1st Edition beginning the same day.
To meet the growing demand for electrified vehicles, Stellantis announced a new agreement with joint venture partner Punch Powertrain to increase production of the future-generation electrified dual-clutch transmissions (eDCT) for Stellantis hybrid and plug-in hybrid electric vehicles. The eDCTs, which will be built at Stellantis’ Mirafiori Complex in Turin, Italy, will complement the existing capacity in Metz, France.
Investing in a Circular Economy: The Mirafiori Complex will also be home to Stellantis’ first Circular Economy Hub, starting with three activities for the sustainable use of vehicles and parts: vehicle reconditioning, vehicle dismantling, and parts remanufacturing. The Hub will open in 2023.
Building the roadmap for the future of mobility: Stellantis revealed that it has built one of the biggest and widest collaborative ecosystems in the world, with more than 160 co-funded projects and over 1,000 different partners worldwide. The projects align with Stellantis’ strategic technical domains, which include autonomous driving, connectivity, manufacturing, electrification technologies and advanced propulsion.
Segments (all market share and ranking references are for Q3 2022): North America: Market share of 10.8%, down 20 bps y-o-y, with U.S. share down 70 bps to 11.1%. Enlarged Europe: EU30 market share of 19.2%, down 90 bps y-o-y. South America: Market leader with 22.6% share, down 150 bps y-o-y. Commercial Vehicles market leader in South America and EU30, with 30.8% and 29.2% share, respectively.
Maserati: The all-new Grecale, which launched in June 2022, continues to attract a whole new audience. In 2023, one of the brand’s icons returns: the all-new GranTurismo with Nettuno engine and the GranTurismo Folgore, the first BEV in the brand’s history. Maserati will follow up with the all-new Grecale Folgore in mid-2023 and the all-new GranCabrio, available in internal combustion engine and Folgore models.
Upcoming Event: January 5: Ram Revolution electrification and technology event at CES 2023 in Las Vegas
On November 3, 2022 at 1:00 p.m. CET / 8:00 a.m. EDT, a live audio webcast and conference call will be held to present Stellantis’ Third Quarter 2022 Shipments and Revenues. The audio webcast and recorded replay will be accessible under the Investors section of the Stellantis corporate website at www.stellantis.com. The presentation material is expected to be posted under the Investors section of the Stellantis corporate website at approximately 8:00 a.m. CET / 3:00 a.m. EDT on November 3, 2022.
See Downloads for full version of press release

About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com

An Industry-Leading Decarbonization Strategy
The global race to cut emissions to zero is a vital step to tackle climate change, and Stellantis intends to be a front-runner. A huge undertaking possible only by reconsidering how we produce, consume, and move around. Transport has traditionally been heavily reliant on fossil fuels, which accounted for more than 90% of the sector’s energy needs in 2020(1). In the same year, it was the third main source of total carbon dioxide emissions, emitting over 7 Gigatonnes of CO2(2). As stated in the 2015 Paris Agreement, temperature increase needs to be limited to 1.5°C above pre-industrial levels to prevent the worst impacts of climate change and preserve our planet.

As the automotive industry accelerates change to avert climate and ecological threats, Stellantis’ Dare Forward 2030 strategic plan implements a pathway consistent with science-based recommendations to achieve this critical target. Through aggressive and clear targets, it sets out deep emission cuts to slash CO2 in half by 2030, benchmarking our 2021 metrics, and achieve carbon net zero by 2038 with single digit percentage compensation of the remaining emissions(3).

(1) and (2) International Energy Agency
(3) The achievement is conditioned by key external enablers: decarbonized energy (based on Announced Pledges Scenario from International Energy Agency), and conducive public policies for BEV (charging infrastructure, purchasing incentives)

A Holistic Approach to Climate Change
Stellantis' strategy to achieve Carbon Net Zero by 2038 is focused on three main areas:
Vehicles:

• Aggresive electrification roadmap
• Cutting-edge technologies
• Integrated battery ecosystem
• Innovative mobility solutions
• Circular economy business

Supply Chain:

• Optimized logistics
• Strong supplier involvement

Industrial and Sites:

• Responsible energy management
• Pioneering real estate management

“We took 2021 as a reference, which makes the trajectory of our ethical commitment very bold compared to peers. Taking a leadership role in decarbonization is the best path to protect our Company, our employees, and generations to come.”
Carlos Tavares, Stellantis CEO


A Threefold Strategy to Reduce Our Carbon Footprint
Our push to net zero addresses all sources of greenhouse gas emissions, from Vehicles to Supply Chain, and Industrial and Sites. We identified nine critical activities to reduce our carbon footprint across Scopes 1, 2 and 3, implementing different practices and technologies that limit compensation to the bare minimum.
As the world is entering a hopeful new era for climate action, Stellantis is leading the industry’s transition toward a carbon net zero future and expects all stakeholders to be aligned, starting with the clean energy supply.
Note: Scope 1: GHG emissions that occur from sources owned or controlled by the Company; Scope 2: GHG emissions released from the generation of purchased energy consumed by the Company; Scope 3: GHG emissions that occur from sources not owned or controlled by the Company



Vehicles

FIND OUT MORE ABOUT OUR VEHICLES STRATEGY



Supply Chain

FIND OUT MORE ABOUT OUR SUPPLY CHAIN STRATEGY



Industrial and Sites

FIND OUT MORE ABOUT OUR INDUSTRIAL AND SITES STRATEGY

November 9, 2022

A New Step for Kenitra Site to Support Growth Plans for Middle East and Africa Region

• Investment of over €300 million in Kenitra manufacturing facility in Morocco is part of region’s growth plans
  
• Kenitra plant to double local production capacity and introduce “smart car” platform to serve the commercial ambition of reaching more than 22% market share in the region by 2030
  
• Kenitra plant to contribute to the regional ambition to have a production capacity of one million vehicles per year by 2030 with more than 70% production autonomy
  

RABAT, MOROCCO – At the occasion of meetings with the Moroccan Head of Government, the Minister of Industry and Trade, and the Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Stellantis today announced an over €300 million investment in its Kenitra manufacturing facility aimed at doubling the site’s production capacity and launching the “smart car” platform. This enhanced capacity supports the Company’s growth plans for Middle East and Africa region, as it pushes to a production capacity of one million vehicles per year by 2030, while reaching 70% local integration, as outlined in Stellantis’ Dare Forward 2030 strategic plan.
“We are proud to announce today a great new milestone in the journey of our industrial plant in Kenitra, in partnership with the Ministry of Industry and Trade in Morocco,” said M. Samir Cherfan, Chief Operating Officer, Stellantis Middle East and Africa. “Together, we have succeeded in positioning Kenitra as a leading Stellantis industrial site and in converting it into a key contributor of our bold ambition in the Middle East and Africa region, leveraging the potential of the newly launched “smart car” platform that will be core to our vehicle offerings in the region by 2030.”
This announcement also falls within the framework of the Strategic Industrial Agreement that started in 2015 between Stellantis and the Moroccan Government aiming to contribute to the development of the automotive industry in the country.
“This new milestone in the Stellantis project in Morocco illustrates the positioning of the Kingdom as one of the most competitive carbon free automotive industrial platforms worldwide, built thanks to the Far-sighted Vision and Leadership of His Majesty King Mohammed VI. It also reinforces electric vehicle production capabilities in our country and comforts our determination to be a key player in sustainable mobility,” said M. Ryad Mezzour, Minister of Industry and Trade.
Since its inauguration in 2019, Kenitra has continuously over delivered on the commitments defined in the Strategic Industrial Agreement and constantly improved its operational efficiency and quality results.
With today’s announcement, the plant will now double its production capacity, reaching 400,000 vehicles per year along with 50,000 electric mobility objects: Citroën Ami and Opel Rocks-e. The “smart car” platform is intended to further support Stellantis’ product offerings and will represent 40% of the region’s mobility offerings by 2030.
The investment will create nearly 2,000 new local positions. Stellantis will provide upskilling and training for all its employees.
Stellantis has now achieved a local integration rate of 69% aimed at developing activities by and for the region to become a full-fledged organization leveraging local talent.
From an environmental perspective, the plant is a model of energy optimization with low energy consumption per vehicle produced (425 KWh/vehicle) and will soon access the renewable energies supported by the Moroccan national strategy for energy transition and sustainable development.
“Stellantis’ global ambition will benefit from the strong development pace of the Middle East and Africa region that aims at contributing to creating a third engine for Stellantis, in addition to North America and Europe,” said Stellantis CEO Carlos Tavares. “I trust our regional teams to achieve sustainable growth with a number one position in the market and double-digit margin, while leading the energy transition. At Stellantis, we commit to offer our Middle East and Africa customers clean, safe and affordable mobility.”

November 17, 2022

Stellantis Accelerates Autonomous Driving Journey with Acquisition of aiMotive, a Leading Artificial Intelligence and Autonomous Driving Start-up

• aiMotive technology supercharges Stellantis mid-term development of STLA AutoDrive, the Company’s autonomous driving tech platform
  
• aiMotive to operate as subsidiary of Stellantis, preserving start-up spirit
  
• Founder László Kishonti will continue to drive the company as aiMotive CEO

AMSTERDAM – Stellantis N.V. and aiMotive, a leading developer of advanced artificial intelligence and autonomous driving software, today announced that they have entered into an agreement for Stellantis to acquire aiMotive.
This acquisition enhances Stellantis’ artificial intelligence and autonomous driving core technology, expands its global talent pool, and boosts the mid-term development of the all-new STLA AutoDrive platform.
“Acquiring aiMotive’s world-class artificial intelligence and autonomous driving technology is an important contribution to becoming a sustainable mobility tech company,” said Yves Bonnefont, Stellantis Chief Software Officer. “aiMotive’s class-leading expertise and startup spirit will accelerate our journey to deliver our Dare Forward 2030 goals.”
aiMotive’s technology product portfolio is focused on four key areas within artificial intelligence and autonomous driving:

• aiDrive: Embedded software stack for autonomous driving
  
  
• aiData: Artificial intelligence operations and data tooling
  
  
• aiWare: Expertise and intellectual property for silicon microchips
  
  
• aiSim: Software simulation for development of autonomous driving

Stellantis’ software teams are already developing the three all-new technology platforms (STLA Brain, STLA SmartCockpit, STLA AutoDrive) that will be deployed at scale across the four all-new STLA vehicle platforms (STLA Small, STLA Medium, STLA Large, STLA Frame), starting in 2024. The software strategy, as announced during Stellantis’ Software Day in December 2021, is expected to generate approximately €20 billion in incremental annual revenues by the end of the decade, as part of the Dare Forward 2030 strategic plan bold objectives, backed by more than a €30 billion* investment in electrification and software.
aiMotive is based in Budapest, Hungary, with offices in Germany, the United States and Japan, with over 200 highly skilled employees worldwide, including engineers with advanced artificial intelligence and autonomous driving expertise. aiMotive will operate as a subsidiary of Stellantis, maintaining its operational independence and startup culture. Founder László Kishonti will remain as CEO. It will continue selling three areas of its current technology product portfolio, including aiData, aiSim and aiWare, to other partners.
Stellantis will establish a Board of Directors to oversee aiMotive while preserving its startup mindset of rapid innovation. aiMotive team will be fully part of the Stellantis autonomous driving and artificial intelligence teams.
Completion of the acquisition is subject to customary closing conditions, including the satisfaction of antitrust requirements.

* In July 2021, Stellantis announced its plans to invest more than €30 billion through 2025 in electrification and software development

Stellantis starts European dealer network shake-up
As part of its efforts to cut costs and support investment for electrification, Stellantis will move toward an agency sales model.



Peugeot is among Stellantis brands whose dealerships will switch to an agrency sales model.

Stellantis said it would reorganize its European dealers' network in July next year, starting in Austria, Belgium, Luxembourg and the Netherlands.
"The rest of Europe will progressively follow in the implementation of the new distribution scheme," Stellantis said on Thursday.
As part of its efforts to cut costs and support investment for electrification, Stellantis last year said it would end all current sales and services contracts with European dealers for all of its 14 brands, from June 2023.
The plan is to move toward an "agency model" in which carmakers take more control of sales transactions and prices while dealers focus on deliveries and servicing, no longer acting as the customer's contractual partner.
Uwe Hochgeschurtz, Stellantis' chief operating officer for Europe, said the group aimed to promote a "sustainable" distribution model and all stakeholders would benefit.
Stellantis said it ran a comparative economic simulation showing that, under the new planned distribution model, dealers would enjoy "at least equivalent profitability" and reduced exposure to risks.
A spokesman for the company said Stellantis' light commercial vehicle brands would enter the new distribution structure from Jan. 1, 2024.

December 6, 2022

Stellantis Shines Light on Continuous Education with First Global Student Awards Program

• Initiative contributes to a sustainable future, recognizing more than 600 students of Stellantis employees from 20 countries with a monetary award
  
• Global online ceremony on Dec. 2, featuring Stellantis Chairman John Elkann and Chief Executive Officer Carlos Tavares
  
• Once a historical regional program, the global collaborative has awarded more than 14,000 students during its 26-year history
  
• Five regional recipients received the Sergio Marchionne Award of Excellence recognizing them as visionary young leaders leveraging their education for a better world

AMSTERDAM – The Stellantis Student Awards closed its first global program recognizing more than 600 children of Stellantis employees from five regions with a monetary award for their dedication to continuous learning and education.
The milestone was marked by the first global online ceremony on Dec. 2, featuring Stellantis Chairman John Elkann and Chief Executive Officer Carlos Tavares.

“The Student Awards is a great opportunity to honor the achievements of our bright students, who are supported by their families, and also to celebrate the first awards program as Stellantis,” said John Elkann, Stellantis Chairman. “As we are committed to building a responsible, diverse and innovative mobility tech company, we are very proud of this program, now in its 26th year and involving 20 countries from all over the world.”

“It is paramount for the planet and for the future to pass on to the next generation established carbon net zero companies with a clear purpose of benefiting all,” said Carlos Tavares, Stellantis CEO. “The Stellantis Student Awards creates this value for our young leaders. It fosters their curiosity and gives them the tools to contribute to a better future, while their parents and other Stellantis employees create services and products that will allow mobility freedom while respecting the environment.”

“It was an honor to be connected to so many inspiring young leaders,” said Xavier Chéreau, Stellantis Chief Human Resources and Transformation Officer. “Diversity and caring for the future go hand in hand and are foundational pillars within our Stellantis purpose and values. We achieve this synergy through programs like the Stellantis Student Awards, as emphasizing the importance of continuous learning contributes to a sustainable future for everyone.”
Now in its 26th year, more than 14,000 students have been recognized as well-rounded individuals demonstrating focus beyond their studies and contributing to the overall good of their communities.

New to the program, one candidate per region was selected among the award recipients as winners of the Sergio Marchionne Award of Excellence representing courageous young leaders applying their knowledge and skills to better the wellbeing of others.

The Stellantis Student Awards was originally a regional program established in 1996 as the Fiat Scholarship Awards in Italy. In 2019, the awards program was renamed to the Sergio Marchionne Student Achievement Awards.
Now as a global awards program representing five regions and 20 countries, the Stellantis Student Awards embraces the same spirit contributing to a sustainable future for all.

About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

Stellantis COO Says The Merger Is Working For All Its Brands
The automaker is giving each a decade to prove their worth

Dec 08, 2022

Putting 14 brands under one automaker's roof seemed risky when PSA Group and Fiat Chrysler Automobiles merged to form Stellantis. However, nearly two years later, the brands are "performing," according to the company's North American chief operating officer, Mark Stewart, who made the remarks this week at the Automotive News Congress in Detroit.


People wondered if each would survive, but the automaker quickly said it had no immediate plans to discontinue any brands when it merged. It was quite the opposite, with the automaker saying it would give each one 10 years to prove its viability. Stewart reiterated this at the event, saying, "Everybody's got a fighting chance."

Ten years feels like a lifetime away, but 2030 is quickly approaching, and Stellantis has set some big goals for itself. The automaker is planning to unveil at least 25 battery-electric vehicles by the decade's end. It wants 100 percent of vehicle sales in Europe to be BEV by 2030, too, which will be aided by Peugeot, aiming to become a fully electric brand in Europe by that time.

There are more immediate plans happening at other brands in the Stellantis lineup. Alfa will reveal the Giulia SWB Zagato in 2023, while Maserati prepares to launch its first electric vehicle with the revamped Gran Turismo, which will arrive with all-wheel drive. Chrysler is prepping to launch up to three EVs by 2028. The struggling American brand showed off the Airflow concepts, teasing the brand's future design language.


The automaker is also forging ahead with significant investments in manufacturing and production as it prepares for the next decade. It invested over $100 million into powertrain plants and a whopping $2.8 billion in its Canadian facilities. This would prepare them for the automaker's ambitious EV future.


It'll be interesting to see how the 14 brands navigate the next few years. Stellantis is looking to cut costs and find efficiencies to save money, which could hinder brands from standing out. We have already seen how similar the new Dodge Hornet and Alfa Romeo Tonale are, which has allegedly caused some friction.

Stellantis COO Says The Merger Is Working For All Its Brands (motor1.com)

Stellantis Partners With DTE Energy to Add 400 Megawatts of New Solar Projects in Michigan Through DTE’s MIGreenPower Program

• Clean energy purchase is second largest of its kind in U.S. history
• Automaker aims to achieve carbon net zero emissions globally by 2038
• Deal includes 70 southeast Michigan Stellantis sites
• By 2026, every Stellantis vehicle manufactured in the state will be assembled with the equivalent of 100% carbon-free electricity

December 12, 2022 , Auburn Hills, Mich. - Stellantis and DTE Energy today announced a clean energy commitment to add 400 megawatts of new solar projects in Michigan - enough clean energy to power approximately 130,000 homes annually - through DTE’s MIGreenPower voluntary renewable energy program. The clean energy commitment is the second largest renewable energy purchase ever made in the U.S. from a utility1 and will avoid more than 670,000 metric tons of carbon dioxide emissions annually2.

Earlier this year, Stellantis announced aggressive goals to achieve carbon net zero globally by 2038 as part of its Dare Forward 2030 strategic plan, beginning by cutting CO2 emissions in half by the end of the decade, using 2021 metrics as the benchmark. The company’s push to net zero addresses all sources of greenhouse gas emissions, from vehicles and supply chain to industrial and sites, with energy efficiency being a cornerstone of Stellantis’ approach.

With its participation in MIGreenPower, Stellantis will be able to attribute 100% of its electricity use at 70 southeast Michigan sites (manufacturing and non-manufacturing) to solar by 2026, which will reduce the company’s carbon emissions in North America by 50% and across its manufacturing facilities by 30%.

“While this day and this historic agreement are about clean and efficient power, I’d like to suggest that today is also about the power of partnerships in this new era of sustainable mobility,” said Mark Stewart, COO, Stellantis North America. “Our success — indeed our survival — will depend more and more on how completely we embrace the values of collaboration and partnership as strategic imperatives that help us achieve breakthrough business outcomes. This agreement is an outstanding example of how truly great companies like DTE Energy and Stellantis can unleash their passion and expertise to shape a more sustainable world for our customers and our communities.”

DTE’s MIGreenPower program is among the largest voluntary renewable energy programs in the country. To date, the company has more than 800 businesses enrolled in the program, along with more than 75,000 residential customers. On an annual basis, MIGreenPower customers have enrolled 4 million megawatt hours of clean energy in the program, which has the environmental benefit equivalent to avoiding more than 3 million tons of carbon dioxide emissions annually3.

“We want to thank Stellantis for being a great partner, for joining MIGreenPower and for supporting the development of new solar energy projects here in Michigan,” said Jerry Norcia, chairman and chief executive officer, DTE Energy. “Investments like this accelerate our state’s transition to clean energy, create jobs and strengthen our state’s economy. Adding 400 megawatts of new solar for Stellantis will result in a cleaner environment for Michigan families, communities and businesses, and create hundreds of jobs during project construction.”

“DTE Energy and Stellantis are working together to boost Michigan’s energy capacity and position us as a national leader in job-creating, cost-reducing climate action,” said Michigan Governor Gretchen Whitmer. “Today’s collaboration is the second largest renewable energy purchase through a utility in American history, second only to another announcement right here in Michigan earlier this year. With our innovative companies and the MI Healthy Climate Plan, we are taking immediate, tangible steps in Michigan to face climate change head-on, shore up our energy independence, and create and support good-paying jobs. We are the number one state for energy-sector job growth and we will keep our foot on the accelerator to bring more investment and opportunity to Michigan.”

DTE is Michigan’s largest producer of and investor in renewable energy and is committed to transitioning to cleaner sources of energy. In its CleanVision Integrated Resource Plan filed last month with the Michigan Public Service Commission, DTE proposed increasing investment in solar and wind energy, accelerating the retirement of coal plants, and investing in the development of new energy storage – all reinforcing DTE’s commitment to cleaner energy. If the new plan is approved, the company will add more than 15,000 megawatts of new renewable energy projects over the next two decades.

1 Based on BloombergNEF’s Corporate PPA Database (accessible here for BloombergNEF and Bloomberg terminal clients) 
2 Includes 15% renewable energy already provided by DTE Energy through the State of Michigan’s Renewable Portfolio Standard. Avoided emissions and equivalencies are based on the Environmental Protection Agency equivalencies calculator at epa.gov/energy/greenhouse-gas-equivalencies-calculator.
3 Avoided emissions and equivalencies are based on the Environmental Protection Agency equivalencies calculator at epa.gov/energy/greenhouse-gas-equivalencies-calculator.

Stellantis North America
Stellantis (NYSE: STLA) is one of the world’s leading automakers and a mobility provider. In North America, it's best known for producing and selling vehicles in a portfolio of iconic and award-winning brands such as Jeep®, Chrysler, Dodge, Ram, Alfa Romeo and Fiat. Powered by its diversity, Stellantis leads the way the region and the world move – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

December 19, 2022

Electric Motors Production Ramp Up to Reach More Than 1 Million in France by 2024

• Production of electric motors has begun in Trémery, France, at Emotors, a joint venture between Nidec Leroy-Somer Holding and Stellantis
  
• State-of-the-art electric motor will equip the New DS 3 E-TENSE, the new Peugeot e-208, the Jeep® Avenger and the Opel Mokka electric in early 2023
  
• Production of electric motors in France as part of the integration plan of Stellantis’ electrification value chain, which includes batteries and e-transmissions

AMSTERDAM - Stellantis N.V. announced today the ramp-up of production of the all-new M3 electric motors, the result of the Emotors joint venture at its manufacturing plant in Trémery, Lorraine, France.
With a production capacity expected to reach more than 1 million electric motors per year by 2024, Stellantis has solidified its industrial footprint to achieve its goal of reaching 100% of passenger car BEV sales mix in Europe by 2030, as outlined in the Dare Forward 2030 strategic plan and to support its Carbon Net Zero roadmap.
“Our commitment to be the automotive sector’s champion in the fight against climate change is reflected in each of our sites by supporting our employees on the next step in the electric adventure,” said Stellantis CEO Carlos Tavares. “Controlling our electrification value chain will ensure our technological independence in the context of economic and geopolitical crises while mitigating the impact of this dramatic change for our sites and employees, particularly in France where we are and will undoubtedly remain the commercial and industrial leader.”
Starting in January 2023, the NEW DS 3 E-TENSE, Peugeot e-208, Jeep® Avenger and Opel Mokka electric will benefit from the high efficiency M3 electric motor featuring 115 kW/156 hp power and 260 Nm torque. Coupled with a new battery, this new e-motor is a major enabler to improve the vehicle efficiency, providing a range of more than 400 km. It will be fitted to the new generations of various Stellantis brand vehicles as they are launched.
The Trémery site, which was one of the largest diesel production plants in the world, has been committed to the energy transition since 2018 with the support of its social partners and local elected officials. For more than a year, the Trémery plant has provided 6,000 hours of training to its employees. At the national level, the Company’s Electrification Academy supported the training of 15,000 French employees.

Stellantis in France
With 12 plants located in the heart of seven French regions, Stellantis will continue to be the leading manufacturer in France on the commercial and industrial level. Over the past four years, the Company has invested €2 billion in its production facilities.
Stellantis will produce 12 electric models in France:

• Mulhouse: Peugeot e-308 sedan, e-308 SW and e-408
• Sochaux: Peugeot e-3008, e-5008
• Rennes: Citroën’s future electric SUV
• Poissy: New DS 3 E-TENSE and Opel Mokka electric
• Hordain: Peugeot e-Expert, Citroën e-Jumpy, Opel and Vauxhall Vivaro-e, Fiat e-Scudo (and Toyota Proace Electric)

The assembly plants will use major electrical components manufactured in France at plants located in Caen, Charleville, Metz, Mulhouse, Sept-Fons, Trémery, Valenciennes and the Billy-Berclau/Douvrin gigafactory.

December 23, 2022

Stellantis plans to acquire stake in Symbio, a Faurecia Michelin hydrogen company and leader in fuel cell technologies for mobility industry

Faurecia, a company of the Group FORVIA, Michelin and Stellantis announced starting today exclusive negotiations for Stellantis to acquire a substantial stake in Symbio, a leader in zero-emission hydrogen mobility, to become a significant player along with existing shareholders Faurecia and Michelin.
“Symbio’s technical roadmap perfectly matches with Stellantis’ hydrogen roll-out plans in Europe and in the U.S.,” said Stellantis CEO Carlos Tavares. “This move will foster the speed of development to bring low emission products to our customers, beyond traditional electric vehicles. We’re grateful to the teams at Faurecia, Michelin and Symbio for their commitment to innovation, excellence, and collaboration as we all work to achieve decarbonized mobility.”
Stellantis is a pioneer and frontrunner in hydrogen mobility having launched mid-size vans in late 2021. The Company is pursuing an aggressive ambition as part of the Dare Forward 2030 strategic plan, which includes expanding its hydrogen offering to large vans as early as 2024 in Europe and 2025 in the U.S. while further exploring opportunities for heavy-duty trucks.
“By the intention of acquiring a stake in Symbio, Stellantis confirms the robustness of Michelin and Faurecia’s approach to creating a global leader in zero-emission mobility. The new setup will accelerate and globalize Symbio’s growth to the benefit of its customers,” declared Patrick Koller, CEO of Faurecia.
Florent Menegaux, CEO of Michelin, said, “Michelin is convinced that hydrogen fuel cell technology will make an effective contribution to decarbonizing mobility and even beyond. This is what led Michelin to pioneer in this technology for more than 20 years. The arrival of Stellantis in Symbio’s capital would reinforce this conviction and would catalyze the tremendous industrial momentum we have built with Faurecia.”
In October 2022, Symbio announced its HyMotive project to accelerate its industrialization and disruptive innovation, which will increase its total production capacity in France to 100,000 systems per year by 2028 while generating 1,000 additional jobs. This transaction enables Symbio to expand its development by capitalizing on Stellantis' leadership in the European and American automotive markets.
The closing of the transaction is expected to occur in the first semester of 2023 and is subject to customary closing conditions, including regulatory approvals.

January 4, 2023
Stellantis to Build Electric Aircraft with Archer and Provide Strategic Funding for Growth

• Stellantis and Archer join forces to manufacture Archer’s Midnight eVTOL aircraft
  
• Stellantis will contribute advanced manufacturing technology and expertise, experienced personnel and capital to enable the aircraft manufacturing
  
• Stellantis’ contribution will allow Archer to strengthen its path to commercialization by helping it avoid hundreds of millions of dollars of spending
  
• The goal is for Stellantis to mass produce Archer’s eVTOL aircraft as its exclusive contract manufacturer
  
• Stellantis will provide up to $150 million of equity capital for potential draw by Archer at its discretion in 2023 and 2024
  
• Stellantis intends to increase its strategic shareholding in Archer through future purchases of Archer stock in the open market

AMSTERDAM AND SANTA CLARA, CALIFORNIA – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Archer Aviation Inc. (NYSE: ACHR) today announced that they have agreed to significantly expand their partnership by joining forces to manufacture Archer’s flagship electric vertical take-off and landing (eVTOL) aircraft, Midnight.
Stellantis will work with Archer to stand up Archer’s recently announced manufacturing facility in Covington, Georgia at which the companies plan to begin manufacturing the Midnight aircraft in 2024. Midnight is designed to be safe, sustainable, quiet and, with its expected payload of over 1,000 pounds, can carry four passengers plus a pilot. With a range of 100 miles, Midnight is optimized for back-to-back short distance trips of around 20 miles, with a charging time of approximately 10 minutes in-between.
This unique partnership in the urban air mobility industry will leverage each company’s respective strengths and competencies to bring the Midnight aircraft to market. Archer brings its world-class team of eVTOL, electric powertrain and certification experts while Stellantis will contribute advanced manufacturing technology and expertise, experienced personnel and capital to the partnership. This combination is intended to enable the rapid scaling of aircraft production to meet Archer’s commercialization plans, while allowing Archer to strengthen its path to commercialization by helping it avoid hundreds of millions of dollars of spending during the manufacturing ramp up phase. The goal is for Stellantis to mass produce Archer’s eVTOL aircraft as its exclusive contract manufacturer.
As a further sign of its commitment, Stellantis will provide up to $150 million in equity capital for potential draw by Archer at its discretion in 2023 and 2024, subject to achievement of certain business milestones which Archer expects to occur in 2023. Stellantis also intends to increase its strategic shareholding through future purchases of Archer stock in the open market. These actions, along with the other elements of this expanded partnership, will enable Stellantis to become a long-term, cornerstone investor in Archer.
“We’ve been working closely with Archer for the past two years, and I am continually impressed by their ingenuity and unwavering commitment to deliver,” said Carlos Tavares, Stellantis CEO. “Deepening our partnership with Archer as a strategic investor with plans for growing our shareholding demonstrates how Stellantis is pushing the boundaries to provide sustainable freedom of mobility, from the road to the sky. Supporting Archer with our manufacturing expertise is another example of how Stellantis will lead the way the world moves.”
“Stellantis’ continued recognition of Archer’s progress toward commercialization, and today’s commitment of significant resources to build the Midnight aircraft with us, places Archer in a strong position to be first to market,” said Adam Goldstein, founder and CEO of Archer. “Our two companies are taking these important steps together to realize a once-in-a-generation opportunity to redefine urban transportation.”
Stellantis has been a strategic partner to Archer since 2020 through various collaboration initiatives, and as an investor since 2021. During this time, Archer has leveraged Stellantis’ deep manufacturing, supply chain, and design expertise in connection with Archer’s efforts to design, develop, and commercialize its eVTOL aircraft.

About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

About Archer
Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA. To learn more, visit www.archer.com.

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January 5, 2023

New ‘Mobilisights’ Business Unit Advances Stellantis’ Growing Data and Connected Services Offer

• Mobilisights will leverage data from Stellantis’ connected vehicles, which are expected to reach 34 million by 2030
  
• Mobilisights to operate as an independent business unit, collaborate with data partners and license data to a wide range of customers, including other automakers
  
• Consistent with Dare Forward 2030, Mobilisights will be a key contributor to the €20 billion in incremental annual revenues expected from software-related services by 2030

AMSTERDAM – Today at CES 2023, Stellantis N.V. announced the establishment of Mobilisights, an independent business unit, fully dedicated to growing the Company’s data as a service (DaaS) business and developing and licensing innovative B2B products, applications and services. Mobilisights products will be available to a diverse set of entities, including private enterprises, public-sector utilities, education and research institutions, fostering data-driven decision making and enabling a wide-ranging portfolio of applications and services.
As one of the seven accretive business units announced in the Dare Forward 2030 strategic plan, Mobilisights represents an important step in Stellantis’ efforts to grow and accelerate its software and data business.
“The vision for Mobilisights is to contribute to a smarter world, leveraging the insights that vehicle data provide to inspire innovative applications and services that can transform and dramatically improve the day-to-day lives of users and businesses,” said Sanjiv Ghate, Mobilisights CEO. “Harnessed effectively, sensor and other data available from connected vehicles can enable a wide range of services and applications with compelling benefits, ranging from personalized usage-based insurance to road hazard detection and traffic management. With its 14 iconic brands and millions of connected vehicles, Stellantis has unmatched global data scale capable of powering this business forward.”
Fully leveraging the data from 34 million connected vehicles the Company plans to reach by the end of the decade, Mobilisights has exclusive access and rights to license vehicle and related data from all Stellantis brands to external customers. Such data density will give Mobilisights a greater level of autonomy when it comes to its reliance on other data suppliers to power applications.
Stellantis’ software strategy deploys next-generation tech platforms, building on existing connected vehicle capabilities to transform how customers interact with their vehicles. This strategy, detailed during Stellantis’ Software Day in December 2021, is expected to generate approximately €20 billion in incremental annual revenues by 2030. Mobilisights will be a key contributor to those revenues.
Mobilisights and its partners will operate within a very strict data governance and privacy policy. This includes using anonymized and aggregated data, and only sharing personal data of customers with their consent and only for the specific services of their choosing. Customers also can opt out of information being collected, used or shared, even after they have given their consent.
“The foundation of this whole business is trust,” said Sanjiv Ghate. “Trust in our custodianship of data and trust that we are here to create a better world.”

About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

January 9, 2023
Stellantis Signs Binding Agreement with Element 25 Limited for Manganese Sulphate Supply for Electric Vehicle Batteries

• Stellantis strengthens value chain for electric vehicle battery production supporting Dare Forward 2030 strategic plan targets
  
• Binding agreement with Element 25 runs for five years with provisions to extend term and increase volumes

AMSTERDAM – Stellantis N.V. and Element 25 Limited announced today the signing of a binding agreement for Element 25 to supply battery grade, high purity manganese sulphate monohydrate to Stellantis for use in electric vehicle (EV) battery packs. The five-year agreement calls for shipments to begin in 2026, a total volume of 45 kilotons, and options to extend the supply term and volumes.
Element 25 will source the material from its Butcherbird project in Western Australia and plans to construct a processing facility in the United States. Stellantis will make an equity investment in Element 25.
“Our commitment to a carbon net zero future includes creation of a smart supply chain to ensure we meet our customers’ desire for EVs,” said Carlos Tavares, Stellantis CEO. “Electric vehicles that deliver breakthrough customer experience in propulsion, connectivity and convenience are central to our Dare Forward 2030 plan that delivers safe, clean and affordable mobility.”
The agreement with Element 25 reinforces Stellantis’ electrification strategy, which includes securing substantial supplies of raw materials for battery electric vehicle (BEV) production. Manganese is a key stabilizing element in the cathode of EV batteries.
As part of its Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car BEV sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis will be the industry champion in climate change mitigation, becoming carbon net zero by 2038, with a 50% reduction by 2030.
Stellantis plans to invest more than €30 billion through 2025 in electrification and software development, while targeting to continue to be 30 percent more efficient than the industry with respect to total Capex and R&D spend versus revenues.
“Stellantis’ support for Element 25’s high purity battery-grade manganese sulphate project is a fantastic endorsement by one of the world’s largest automakers and validates our plans to become a globally significant long-term supplier of battery materials to meet growing global demand,” Element 25 Managing Director Justin Brown said. “We are fully aligned with Stellantis’ decarbonization and electrification goals, which represent some of the most ambitious in the industry and have committed to reach agreed net zero carbon emission goals under this deal.”
Performance of the parties under the binding term sheet is conditioned on satisfactory completion of technical due diligence and a feasibility study.

About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2Move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

About Element 25
Element 25 is an ASX listed company (ASX: E25) operating the world class 100%-owned Butcherbird Manganese Project in Western Australia and developing high purity manganese sulphate monohydrate (HPMSM) products for traditional and new energy markets. It aims to become an industry leading, world class, low-carbon battery materials manufacturer. Company information, ASX announcements, investor presentations, corporate videos and other investor material in the Company’s projects can be viewed at: http://www.element25.com.au.

January 17, 2023

Vulcan and Stellantis Explore Geothermal Energy to Supply Rüsselsheim Plant

• Project marks Stellantis’ first potential use of geothermal energy to decarbonize and localize its European operations, among renewable energy supply portfolio
  
• Stellantis plans to be the industry champion in climate change mitigation, becoming carbon net zero by 2038, with a 50% reduction by 2030
  
• Vulcan and Stellantis will evaluate business models, including selling electricity to public grid in accordance with Germany’s Renewable Energy Act (EEG)
  
• Agreement with Stellantis increases Vulcan’s decarbonizing impact on the European electric vehicle industry, complementing the carbon avoidance from its Zero Carbon Lithium™ Project

AMSTERDAM – Stellantis N.V. and Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL) have signed a binding term sheet for the first phase of a multiphase project to develop new geothermal projects aimed at decarbonizing the energy mix of Stellantis’ Rüsselsheim industrial site in Germany, which is home to both the DS4 and Opel Astra. Based upon current assumptions, the project could provide a significant portion of the industrial site’s annual energy needs starting in 2025.
The first phase of the project, located at the northernmost extent of Vulcan’s focus area in the Upper Rhine Valley, will include a pre-feasibility study for the construction of geothermal assets for Stellantis’ facility, carried out by Vulcan. If successful, the next phase will focus on drilling and more advanced studies and development. Stellantis will aim to source funding for 50% of the project development, which is also supported by the local government.
Stellantis and Vulcan will aim to produce clean electricity and supply it to the grid for both internal and external consumption, in accordance with Germany’s Renewable Energy Act (EEG), while also producing heat to be transferred to Stellantis’ manufacturing site.
“This partnership with Vulcan reinforces our commitment to promoting greater clean energy solutions across our enterprise,” said Stellantis CEO Carlos Tavares. “It is one of many actions we’ve taken to drive results, impact, and sustainability in alignment with our Dare Forward 2030 strategic plan.”
Stellantis is committed to become the industry champion in climate change mitigation, becoming carbon net zero by 2038, with a 50% reduction by 2030. The agreement with Vulcan Energy marks Stellantis’ first potential use of renewable geothermal energy to decarbonize and localize its energy supply at an industrial site.
“Vulcan’s core mission is decarbonization, through renewable energy and carbon neutral, zero fossil fuels lithium supply,” said Vulcan Managing Director and CEO, Dr. Francis Wedin. “Vulcan is here to support Stellantis, our largest lithium customer and one of our major shareholders, to decarbonize its operations in Europe. While we remain focused on our geothermal-lithium developments in the center of the Upper Rhine Valley Brine Field, this project is a complementary opportunity to expand our development pipeline to some of the outer lying areas in the Upper Rhine Valley, supported by industrial partners like Stellantis.”
“I am happy about the partnership of Stellantis and Vulcan Energy announced today,” said Boris Rhein, Minister President of Hesse, Germany. “This is positive news for Hesse, because it shows that in our state climate protection and state-of-the-art industrial production through innovative ideas are perfectly compatible.”
The agreement with Stellantis also increases Vulcan’s decarbonizing impact on the European electric vehicle industry, complementing the carbon avoidance from its Zero Carbon Lithium™ Project, and creating shareholder value.

January 18, 2023

Stellantis and Terrafame Agree on Low-Carbon Nickel Sulphate Supply for Electric Vehicle Batteries

• Stellantis strengthens value chain for electric vehicle battery production supporting Dare Forward 2030 strategic plan targets
  
• Partnership strengthens the role of Terrafame as a recognized supplier of sustainable electric vehicle production
  
• Partnership marks a concrete step towards a well-structured, transparent, and sustainable European battery cluster to fulfill Stellantis’ needs

AMSTERDAM – Stellantis N.V. and Terrafame Ltd. announced today the signing of a supply agreement for nickel sulphate to be used in electric vehicle (EV) batteries. Beginning in 2025, Finland-based Terrafame will supply Stellantis with nickel sulphate over the five-year term of the agreement. The Terrafame agreement is a part of Stellantis’ aggressive electrification strategy and will cover a significant portion of the needs for sustainable regionally sourced nickel.
“This agreement is part of the key raw material sourcing to fit with our electrified vehicle battery pack needs,” said Stellantis CEO Carlos Tavares. “We continue to build a new global value chain with Class A partners to support our global strategy and propel our commitment to be the industry champion in climate change mitigation, becoming carbon net zero by 2038, ahead of our competition.”
As part of its Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To offer a clean, safe and affordable mobility for its customers, Stellantis plans to invest more than €30 billion through 2025 in electrification and software development, while targeting to be 30 percent more efficient than the industry with respect to total Capex and R&D spend versus revenues.
Terrafame operates one of the world’s largest battery chemicals plants for EV batteries in Finland. With an integrated production process beginning in its own mine and ending with battery chemicals on one industrial site, Terrafame’s production is fully traceable. Furthermore, due to the unique production technology, the carbon footprint of the nickel sulphate produced by Terrafame is among the smallest in the industry.
“Cooperation with industry leaders such as Stellantis fortifies the position of Terrafame as an important partner of battery chemicals for the European automotive industry,” said Terrafame CEO Joni Lukkaroinen. “In these challenging times, there clearly is a strong demand for sustainably and transparently produced battery chemicals that are made in Europe, for Europe. We are proud to be doing our part in decarbonizing European mobility and increasing the efficiencies of the European automotive industry.”

Maserati.gone: car company cancels five top level domains

January 27, 2023

Car company says goodbye to .fiat, .maserati and other dot-brand domain names.
Stellantis decided it doesn’t need a top level domain to sell Maserati cars. Image courtesy Maserati.
Car company Stellantis has informed ICANN that it’s terminating contracts to run five top level domains.
The automaker notified ICANN last month that it wishes to cancel .abarth, .alfaromeo, .fiat, .maserati, and .lancia. ICANN opened the comment period on January 25 after determining that it should not re-delegate these dot-brand domain names.

The company is not canceling its .chrysler and .ferrari top level domains.

When it originally applied for the domains, it was part of Fiat Chrysler group.
Google hasn’t indexed any second level domains or websites for the company’s other top level domains, so it doesn’t appear to be an active user of dot-brand extensions.
.

tellantis-HEVO Collab to Offer Wireless EV Charging! Launch Date, Other Details
Is wireless EV charging safe?

Griffin Davis , Tech Times 18 February 2023,

The new Stellantis-HEVO collaboration will soon offer a new wireless EV charging experience.
(Photo : Photo by JEFF KOWALSKY/AFP via Getty Images)
The sign is seen outside of the FCA US LLC Headquarters and Technology Center as it is changed to Stellantis on January 19, 2021 in Auburn Hills, Michigan. - Newly-created European carmaker Stellantis motored its way January 18, 2021 onto the Paris and Milan stock exchanges.
As of press time, wireless charging in electric cars is still limited. But, experts said that this technology could soon become mainstream in the EV market.

Stellantis-HEVO Collab to Offer Wireless EV Charging!
According to Clean Technica's latest report, Stellantis announced that it will partner with HEVO, a tech firm that aims to eliminate global reliance on fossil fuels.

(Photo : Photo credit should read DIMITAR DILKOFF/AFP via Getty Images)
The picture shows a road sign next to a charging station for electric powered cars in Sofia on October 17, 2012. Bulgaria's car-packed capital Sofia has recently set a EU example in the fight against greenhouse gas emissions by installing its first state-of-the-art solar power charger for electric cars, officials said Wednesday.


Their collaboration will allow Stellantis EVs to have wireless charging capabilities.

The first EV model that would have this innovation is the Chrysler Pacifica PHEV. This electric car will first have a Level 2 wireless charging tech.

The integration is expected to demonstrate by Stellantis and HEVO in 2023. If all goes well, the two companies will move onto 50 kW wireless EV charging. After that, Stellantis and HEVO will start rolling out the wireless charging technology to other EV models.

"HEVO's award-winning technology is up to 95% efficient (grid-to-battery) and is compliant with SAE and UL wireless charging standards," said HEVO.

Is Wireless EV Charging Safe?
IDTechEX reported that wireless EV charging is safer than traditional charging technology. This is because the wireless charging models rely on magnetic fields, which are inherently safe.

Experts explained that wireless charging has a frequency between 30 kHz to MHz. This means that their magnetic fields are impervious to water, concrete, wood, plastics, and air.

February 22, 2023

Stellantis Approves Share Buyback Program

AMSTERDAM – The Stellantis Board of Directors approved a share buyback program of up to €1.5 billion (total purchase price excluding ancillary costs), to be executed on the market with the intent to cancel the common shares acquired through the share buyback program. The shares will be purchased over a period ending December 31, 2023 on NYSE / Euronext Milan / Euronext Paris.
The opportunity to initiate the buyback program stems from the company’s significant cash flow generation and strong balance sheet.
These factors enable the company to ensure adequate liquidity to manage a wide variety of economic and market backdrops, while simultaneously facilitating attractive capital returns to shareholders.
The share buyback program will be carried out under the authority granted by the general meeting of shareholders held on April 13, 2022, which may be renewed or extended, up to a maximum of 10% of the Company’s capital. The purchase price per common share will be no higher than an amount equal to 110% of the market price of the shares on the NYSE, Euronext Milan or Euronext Paris. The market price will be calculated as the average of the highest price on each of the five days of trading prior to the date on which the acquisition is made, as shown in the official price list of the NYSE, Euronext Milan or Euronext Paris. Following the share buyback transaction for 69.1 million shares (2.2% of the Company’s capital) executed on September 15, 2022, the remaining authorization stands at 244 million shares, more than adequate to cover this share buyback program and the potential repurchase of 99.42 million shares currently owned by Chinese JV partner Dongfeng Corporation under the terms announced on July 15, 2022.
Stellantis will provide updates on the start of buybacks and on the buyback program via a press release and on the Investors section of the corporate website. The buybacks will be carried out subject to market conditions and in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.