Stellantis to have 30 hybrid models available in Europe this year (NYSE:STLA)

Stellantis to have 30 hybrid models available in Europe this year (NYSE:STLA)

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Automaker Stellantis (NYSE:STLA) to offer 30 hybrid models this year in Europe and plans to introduce six more through 2026, it said Tuesday. Stellantis (STLA) said it has achieved a 41% sales increase in EU30 hybrid models year-to-date 2024 versus year-to-date 2023 and expects an increase in customer take rate with the upcoming new launches. “We have a very competitive hybrid solution that we are now ramping up with our new eDCT technology, and we are rolling it out across a wide range of models, making it accessible to many customers,” said Sébastien Jacquet, Stellantis Deputy Chief Engineering Officer. Furthermore, Stellantis (STLA) is investing more than €50 billion worldwide in electrification over the decade to deliver on the Dare Forward 2030 targets of reaching a 100% passenger car battery electric vehicle sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis (STLA) is currently producing hybrid vehicles in more than 70% of its plants in Europe, the company added. Source: Press Release

Source link : https://seekingalpha.com/news/4122759-stellantis-to-have-30-hybrid-models-available-in-europe-this-year

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Publish date : 2024-07-09 07:16:26

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