Stellantis, the global automaker formed by the merger of Fiat Chrysler and PSA Group, has reported a remarkable growth in its sales of electrified vehicles in Europe, outperforming the market trend and its competitors. In February 2023, Stellantis achieved a 12.1% increase in its sales volume within the EU29 region, securing a 20.3% market share. The company also saw a 7% rise in its sales of battery electric vehicles (BEVs), capturing a 14.7% market share in Europe. Stellantis attributed its success to its diversified and innovative portfolio of electrified vehicles, as well as its supportive ecosystem and partnerships.
Stellantis Offers a Wide Range of Electrified Vehicles
Stellantis has a strong and diverse portfolio of electrified vehicles, which cater to different customer segments and preferences. The company offers 29 models of electrified vehicles, including 14 BEVs, 10 plug-in hybrid electric vehicles (PHEVs), and 5 hybrid electric vehicles (HEVs). The company plans to launch 11 more electrified models by the end of 2023, reaching a total of 40 models. Some of the popular and acclaimed electrified vehicles from Stellantis include:
- The Peugeot e-208, a compact hatchback that won the European Car of the Year award in 2022. The Peugeot e-208 has a range of 340 km and a power output of 100 kW.
- The Fiat 500e, a stylish and iconic city car that was redesigned and relaunched as a BEV in 2022. The Fiat 500e has a range of 320 km and a power output of 87 kW.
- The Opel Corsa-e, a sporty and dynamic hatchback that shares the same platform and technology as the Peugeot e-208. The Opel Corsa-e has a range of 337 km and a power output of 100 kW.
- The Jeep Wrangler 4xe, a rugged and versatile SUV that combines a 2.0-liter turbocharged engine with two electric motors. The Jeep Wrangler 4xe has a range of 40 km in electric mode and a power output of 280 kW.
Stellantis Builds a Supportive Ecosystem for Electrified Vehicles
Stellantis is not only focused on developing and selling electrified vehicles, but also on creating a supportive and sustainable ecosystem for them. The company has taken several initiatives and measures to facilitate the adoption and usage of electrified vehicles, such as:
- Launching the Free2Move eSolutions, a joint venture with Engie EPS, a leading provider of energy storage and microgrid solutions. The Free2Move eSolutions aims to offer a comprehensive range of products and services for electrified mobility, such as charging infrastructure, energy management, and fleet solutions.
- Partnering with Flare Network, a smart contract platform that leverages the XRP Ledger. The partnership will enable Stellantis to integrate Flare’s technology and token into its electrified vehicles, allowing users to access decentralized applications and services, such as peer-to-peer charging, battery swapping, and rewards programs.
- Joining the European Battery Alliance, a strategic initiative that brings together various stakeholders from the public and private sectors to foster the development and production of batteries in Europe. The alliance aims to create a competitive and sustainable battery value chain in Europe, and to support the transition to a low-carbon economy.
Stellantis Faces Competition and Challenges in the Electrified Vehicle Market
Stellantis has achieved a remarkable growth in its sales of electrified vehicles in Europe, but it also faces competition and challenges in the market. The company competes with other established and emerging automakers, such as Volkswagen, Tesla, Renault, Hyundai, and Volvo, which also offer a variety of electrified vehicles, with different features and prices. The company also has to deal with the issues and uncertainties that affect the electrified vehicle market, such as the availability and cost of batteries, the development and accessibility of charging infrastructure, the regulation and taxation of emissions, and the consumer awareness and acceptance of electrified vehicles.
Stellantis is confident and optimistic about its prospects and potential in the electrified vehicle market, as it has a strong and diverse portfolio of electrified vehicles, as well as a supportive and sustainable ecosystem for them. The company aims to increase its sales of electrified vehicles to one million units in 2023, and to achieve a 38% share of electrified vehicles in its total sales by 2025. The company also plans to invest €30 billion in electrification and software by 2025, and to become carbon neutral by 2038.
Stellantis, the global automaker formed by the merger of Fiat Chrysler and PSA Group, has reported a remarkable growth in its sales of electrified vehicles in Europe, outperforming the market trend and its competitors. In February 2023, Stellantis achieved a 12.1% increase in its sales volume within the EU29 region, securing a 20.3% market share. The company also saw a 7% rise in its sales of battery electric vehicles (BEVs), capturing a 14.7% market share in Europe. Stellantis attributed its success to its diversified and innovative portfolio of electrified vehicles, as well as its supportive ecosystem and partnerships. Stellantis has a strong and diverse portfolio of electrified vehicles, which cater to different customer segments and preferences. The company offers 29 models of electrified vehicles, including 14 BEVs, 10 PHEVs, and 5 HEVs. The company plans to launch 11 more electrified models by the end of 2023, reaching a total of 40 models. Stellantis is not only focused on developing and selling electrified vehicles, but also on creating a supportive and sustainable ecosystem for them. The company has taken several initiatives and measures to facilitate the adoption and usage of electrified vehicles, such as launching the Free2Move eSolutions, partnering with Flare Network, and joining the European Battery Alliance. Stellantis faces competition and challenges in the electrified vehicle market, but it is confident and optimistic about its prospects and potential, as it has a strong and diverse portfolio of electrified vehicles, as well as a supportive and sustainable ecosystem for them. The company aims to increase its sales of electrified vehicles to one million units in 2023, and to achieve a 38% share of electrified vehicles in its total sales by 2025. The company also plans to invest €30 billion in electrification and software by 2025, and to become carbon neutral by 2038.
