Stellantis N.V. - STLA STOCK NEWS

Stellantis N.V. (NYSE: STLA) has honored seven top-performing technology startups with the third annual Stellantis Venture Awards. This celebration highlights Stellantis' commitment to delivering customer-centric technology and features, driving the Dare Forward 2030 vision of clean, safe and affordable mobility.

The 2024 honorees were selected based on their impact on customer experience, technological novelty, and scalability potential within Stellantis. Winners include Glanceable (France), Niron Magnetics (USA), Epitone (USA), Voltbras (Brazil), Ample (USA), Wheel.me (Norway), and Emotiva (Italy).

Stellantis collaborates with startups as both a partner and investor. The company has signed over 150 partnership contracts with startups in the past three years and has completed 14 investments through its Stellantis Ventures capital fund, which has an initial investment of €300 million.

FIAT celebrated its 125th anniversary in a grand event held at the La Pista 500 in Turin, marking a milestone and the beginning of a new chapter. Founded on July 11, 1899, FIAT has unveiled its vision for the future with the world premiere of the Fiat Grande Panda, a new global model aiming to reestablish FIAT in the global mainstream market. The event featured the return of the all-electric Fiat 500e to North America, now available at a starting MSRP of $32,500. FIAT highlighted its customer-first approach, commitment to inclusivity, and Italian design throughout the event. The celebrations included a parade of classic and contemporary FIAT vehicles, showcasing the brand's rich heritage and technological advancements. The new Casa FIAT museum exhibition, inaugurated at the Pinacoteca Agnelli, offers an immersive experience into FIAT's history and connection to the Lingotto building.

Key figures such as Stellantis Chairman John Elkann and CEO Carlos Tavares attended the event, emphasizing FIAT's role in providing clean, safe, and affordable mobility globally. The new Grande Panda, developed with a focus on sustainability and local relevance, features innovative solutions like an integrated spiral charging cable and offers more than 199 miles of range in its electric version. The new model is set to drive FIAT's return to the global market, embodying Italian style and versatility.

Ram Truck has launched a new global marketing campaign, 'Answer Your Calling,' in partnership with Universal Pictures, Warner Bros. Pictures, and Amblin Entertainment to promote the summer blockbuster 'Twisters' releasing on July 19, 2024. The 30-second ad spot will run on TV, YouTube, and social media channels globally. The campaign features 'Twisters' star Glen Powell driving a Ram truck, with the video showcasing the 2025 Ram 1500 RHO and other off-road models. Additionally, Ram and the American Red Cross are encouraging blood donations, offering incentives like a Fandango movie ticket and a chance to win a 2025 Ram 1500 Big Horn. The campaign is crafted with agency partner Doner.

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.