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On April 1, 2022, Stellantis N.V. announced binding agreements with BNP Paribas Personal Finance, Crédit Agricole Consumer Finance, and Santander Consumer Finance. This initiative aims to enhance its European financial services platform and is part of Stellantis' 'Dare Forward 2030' strategic plan. Key objectives include establishing a multi-brand operational leasing company with a target fleet of around 1 million vehicles by 2026 and reorganizing financing activities through joint ventures. The transactions are expected to complete in the first half of 2023, pending regulatory approvals.
Stellantis and LG Energy Solution have announced a joint venture to invest over $5 billion CAD ($4.1 billion USD) in a lithium-ion battery manufacturing facility in Windsor, Ontario, Canada. This plant will be the first large-scale domestic battery production site in Canada, aiming for an annual capacity exceeding 45 gigawatt hours. Operational by early 2024, it is expected to create approximately 2,500 jobs. The initiative is part of Stellantis' electrification strategy, targeting 50% of sales from battery electric vehicles by 2030, supported by government collaboration across various levels.
Stellantis is reinforcing its commitment to Italy through a significant investment in the Automotive Cells Company (ACC), establishing a new battery production site at the Termoli facility. This initiative aims for an industrial capacity of at least 120 GWh by 2030 and underlines the partnership with Mercedes-Benz and TotalEnergies/Saft. This move is part of the company’s Dare Forward 2030 plan.
Stellantis has launched its first venture capital fund, Stellantis Ventures, with an initial investment of €300 million. This fund aims to support innovative startups in the automotive and mobility sectors by investing in technologies that enhance customer experiences and sustainability. The initiative is part of Stellantis’ Dare Forward 2030 strategic plan, positioning the company to rapidly adopt new technologies. By acting as a strategic investor, Stellantis Ventures seeks to integrate solutions within months, fostering growth for both the company and its partners.
Stellantis has announced a donation of €1 million to aid Ukrainian refugees and civilians impacted by the ongoing crisis. The funds will be utilized through a local NGO, ensuring support reaches those in need. Stellantis CEO Carlos Tavares spoke against the violence, emphasizing the importance of prioritizing the health and safety of their 71 employees in Ukraine, who are currently safe. A dedicated support team has been established to monitor their well-being.
Stellantis announced the agenda for its 2022 Annual General Meeting (AGM), scheduled for April 13, 2022. The company has published explanatory notes and materials for shareholders, which are accessible on its corporate website. Shareholders can also request hard copies of the audited financial statements for the fiscal year ending December 31, 2021, at no charge. Stellantis aims to be a leading sustainable mobility tech company while focusing on creating value for all stakeholders.
Stellantis N.V. launched its strategic plan, Dare Forward 2030, aiming for significant advancements in sustainability and electrification. The plan targets carbon net zero by 2038 with a 50% reduction by 2030. Stellantis intends to achieve 100% battery electric vehicle (BEV) sales in Europe and 50% in the U.S. by the decade's end, with global BEV sales projected at five million vehicles. The company plans a 25% to 30% dividend payout ratio through 2025 and aims to double its net revenues to €300 billion by 2030, ensuring attractive returns for shareholders.
Stellantis N.V. will unveil its long-term strategic plan on March 1, 2022, at 2 p.m. CET. CEO Carlos Tavares aims to illustrate the company’s vision for leading global mobility. The event will be accessible via their corporate website, where presentation materials will be available. Stellantis is recognized as a major automaker, focusing on sustainable mobility and innovation across its diverse brands, including Jeep, Chrysler, and Peugeot.
Stellantis N.V. has published its 2021 Annual Report and filed its Form 20-F with the SEC, with both documents available on its website. The company intends to recommend a dividend distribution of approximately €3.3 billion (about US$3.7 billion), translating to €1.04 per common share, pending shareholder approval at the AGM on April 13, 2022. The proposed dividend's ex-date is April 19, 2022, the record date is April 20, 2022, and payment is expected by April 29, 2022.
Stellantis announced a significant redistribution of €1.9 billion to employees based on its strong 2021 financial results, marking a 70% increase compared to the previous year's cumulative redistribution by legacy companies. This initiative highlights the company's commitment to its workforce amid challenging circumstances, including the pandemic and semiconductor shortages. Stellantis CEO Carlos Tavares emphasized that employees are integral to the company's success and that they will benefit from the company's profitable growth. The policy follows a 'pay for performance' approach to enhance employee commitment.
