Stellantis N.V Stock Price, News & Analysis

Stellantis N.V. will release its First Half 2024 Financial Results on July 25, 2024. The results and presentation materials will be available on the company's corporate website at 7:30 a.m. CEST / 1:30 a.m. EDT. A live webcast and conference call will follow at 2:00 p.m. CEST / 8:00 a.m. EDT, with access details provided on the website. A recorded replay will be available post-session. Stellantis aims to achieve carbon net zero by 2038 as part of its strategic plan, Dare Forward 2030.

Stellantis has opened a new Mopar Parts Distribution Centre (PDC) in Brampton, Ontario, investing $25.1 million CAD ($18.2 million USD / €16.9 million). The 513,000-square-foot facility will support the Greater Toronto area, Quebec, and Eastern Canada, and employ over 170 Canadian workers. The PDC can house nearly 55,000 parts and ship up to 2 million orders annually, utilizing AutoStore, an innovative automated storage and retrieval system.

This facility is the first in North America to use AutoStore, enhancing efficiency and reducing the carbon footprint, aligning with Stellantis' Dare Forward 2030 strategic plan. Additionally, it features a state-of-the-art service training center for classroom and hands-on technical instruction. The opening was attended by key executives, including Mike Koval Jr. and Brampton Mayor Patrick Brown, highlighting the facility's technological and economic significance.

Stellantis is expanding its hybrid powertrain offerings to meet growing demand in Europe. The company plans to release 30 hybrid models this year and six new ones by 2026, utilizing innovative eDCT technology for improved performance, fuel economy, and reduced CO2 emissions. Stellantis has seen a 41% increase in hybrid sales in 2024 compared to 2023. The company aims for a 100% battery electric vehicle sales mix in Europe by 2030, investing over €50 billion in electrification. Stellantis' hybrid vehicles offer a cost-effective alternative to fully electric cars, and the eDCT system supports seamless transitions between electric and hybrid modes.

Stellantis and France's CEA have announced a new five-year collaboration aimed at developing next-generation battery cells for electric vehicles. The partnership will focus on creating advanced technology cells with superior performance, longer lifespans, and reduced environmental impacts at lower costs. These innovations are intended to support Stellantis' Dare Forward 2030 strategic plan, aiming for carbon net zero status by 2038. CEA will leverage its 25 years of expertise in Li-ion batteries to accelerate the design and fabrication of these cells. The program includes research into disruptive chemistries, battery modeling, fuel cell development, and life cycle assessment.

Stellantis reported a notable 4% quarter-over-quarter growth in Q2 2024 U.S. sales, despite a 21% year-over-year decline. Jeep Wagoneer and Grand Wagoneer saw significant year-over-year increases of 107% and 24%, respectively. The Jeep brand's Wrangler, Grand Cherokee, and Compass experienced increases in retail sales by 24%, 12%, and 15% from Q1 to Q2 2024. Ram brand's total sales grew by 11%, with commercial fleet sales surging 47%. Dodge brand sales rose 16% quarter-over-quarter, with Charger, Challenger, and Durango sales up 52%, 18%, and 18%, respectively. Chrysler and Alfa Romeo brands also saw quarterly growth of 14% and 9%, respectively. Stellantis holds four of the top five plug-in hybrid spots in the U.S. market, led by Jeep Wrangler 4xe. The company launched the all-electric Fiat 500e and started taking reservations for the new Grand Wagoneer S. FCA US reported total sales of 344,993 vehicles for Q2 2024.

Stellantis has invested an additional $55 million in Archer Aviation, following the achievement of a recent flight test milestone. This investment is part of a broader strategic funding agreement between the two companies, adding to Stellantis' $39 million open market purchases of Archer stock and a $110 million investment earlier in 2023. Archer is nearing the completion of its high-volume manufacturing facility in Covington, Georgia, which will support the production of up to 650 aircraft annually. This facility is expected to be one of the largest in the aircraft industry by volume. Archer aims to transform urban travel with its electric vertical takeoff and landing (eVTOL) aircraft, reducing commute times significantly. Stellantis has been a strategic partner since 2020, providing manufacturing, supply chain, and design expertise.

Stellantis has invested an additional $55 million in Archer Aviation following a critical flight test milestone. This investment is part of their ongoing strategic funding partnership. Earlier in 2023, Stellantis made $39 million worth of open market purchases of Archer stock and invested $110 million under the same agreement. Archer is nearing the completion of a high-volume manufacturing facility in Covington, GA, expected to finalize later this year. This facility will support the production of up to 650 aircraft annually, leveraging Stellantis' manufacturing expertise. Archer aims to revolutionize urban travel with its electric vertical takeoff and landing (eVTOL) aircraft, reducing commute times significantly.

Stellantis announced it will release its First Half 2024 Results on July 25, 2024. The live webcast and conference call will start at 2:00 p.m. CEST / 8:00 a.m. EDT. The press release and presentation materials will be available on the company's corporate website at approximately 8:00 a.m. CEST / 2:00 a.m. EDT on the same day. Recorded replays will be accessible for those unable to attend the live event. Stellantis aims to achieve carbon net zero by 2038 through its Dare Forward 2030 strategic plan.

Ram has achieved a significant milestone by becoming the top-performing Mass Market brand in the J.D. Power 2024 U.S. Initial Quality Study (IQS). This marks the fourth time in five years that Ram has ranked among the top three brands in the industry, and the second time it has taken the number one spot. The Ram 1500 was named the best Full-size Light-Duty Pickup for the second consecutive year, while the Ram 2500/3500 placed third among Heavy-Duty Pickups. Additionally, the Alfa Romeo Stelvio secured the second spot among Compact Premium SUVs for the second year in a row. These results highlight the brand's consistent quality and customer satisfaction, further enhanced by new metrics in this year's study that better capture customer feedback.