Stellantis N.V. - STLA STOCK NEWS

Stellantis reports significant commercial achievements across global markets, leading sales in seven countries and maintaining top-three positions in several European markets. The company's U.S. market share increased from 7.2% to 8% between July and September 2024, while successfully reducing dealer inventory by over 80,000 units. FIAT leads in South America with 14.5% market share, while the Fiat 500e dominates European A-segment BEVs with 45% market share. The company is launching approximately 20 new products in 2024, including vehicles built on new STLA platforms, and maintains strong performance in commercial vehicles, leading both European and South American markets.

Stellantis (STLA) reported Q3 2024 net revenues of €33.0 billion, down 27% year-over-year, primarily due to lower shipments and unfavorable mix. Consolidated shipments decreased 20% to 1,148 thousand units. The decline was attributed to production gaps during global product transition, planned North American inventory reductions, and European market headwinds. The company completed its €3 billion buyback program in October and confirmed its 2024 financial guidance of 5.5% - 7% AOI margin and €(5) billion - €(10) billion industrial free cash flows. Stellantis plans approximately 20 new model launches in 2024, with strong reception for new products including over 50,000 orders for the new Citroën C3.

Dodge is expanding its Direct Connection performance parts line with the launch of Hellephant A30 426 and Drag Pak 354 HEMI® engine blocks, along with three new supercharger kits for the 6.2-liter HEMI crate engine. The Hellephant A30 HEMI will be priced at $8,815 MSRP, while the Drag Pak 354 HEMI engine block will cost $10,570. The new Direct Connection 3.0L E85 Supercharger Kit, derived from the 2023 Dodge Challenger SRT Demon 170, offers increased power potential with 30% more airflow and is priced at $11,995. All new products will be available for ordering in Q1 2025 through DCPerformance.com or certified Dodge Power Brokers dealerships.

Mopar unveils innovative concept vehicles at the 2024 SEMA Show, featuring the Plymouth GTX Electromod Concept and new Ram truck designs. The GTX Electromod showcases a potential future 400-volt, 250-kilowatt electric drive module with approximately 335 horsepower and 250-mile range. The concept demonstrates possible BEV conversion applications for classic cars.

The exhibition also includes the Ram 2500 Power Wagon Concept and Moparized Ram 1500 RHO, featuring custom accessories and performance modifications. The Ram 1500 RHO boasts a new 3.0-liter Hurricane H/O SST engine delivering 540 horsepower. The display includes various Jeep custom vehicles and Direct Connection performance parts.

Stellantis and Factorial are advancing their partnership by integrating Factorial's solid-state batteries into a demonstration fleet of new Dodge Charger Daytona vehicles by 2026. The initiative builds on Stellantis' $75 million investment in Factorial from 2021. The batteries, featuring Factorial's FEST® technology with over 390Wh/kg energy density, will be implemented in vehicles based on the STLA Large platform, which supports up to two million vehicles globally. This platform serves brands including Jeep, Dodge, Chrysler, Alfa Romeo, and Maserati. The collaboration aims to validate the technology's performance in real-world conditions.

Stellantis and Factorial are advancing their partnership to develop solid-state battery technology for electric vehicles. The companies will launch a demonstration fleet of Dodge Charger Daytona vehicles by 2026, equipped with Factorial's FEST® solid-state batteries featuring over 390 Wh/kg energy density. This initiative follows Stellantis' $75 million investment in Factorial in 2021. The technology will be implemented in the STLA Large platform, designed to support up to two million vehicles globally across brands including Jeep, Dodge, Chrysler, Alfa Romeo, and Maserati.

Stellantis has invested $29.5 million in Moving Ground Plane (MGP) technology at its Auburn Hills facility to enhance EV aerodynamics. The upgraded wind tunnel will measure and reduce airflow resistance from wheels and tires, which account for up to 10% of total aerodynamic drag. This technology aims to improve EV driving range and potentially reduce battery sizes, leading to cost and weight savings. The facility can test larger vehicles and simulate speeds up to 140 mph. The investment is part of an $85 million commitment from the 2019 UAW contract and supports Stellantis' goal to achieve 50% US EV sales and 100% European EV sales by 2030.

The Jeep® brand celebrates victory at the 2024 Rebelle Rally, with veteran competitors Nena Barlow and Teralin Petereit winning for the third time in four years. Team #129 secured both the overall and Bone Stock category wins in a 2024 Jeep Gladiator Mojave, the only Jeep vehicle to carry the Desert Rated badge.

The Rebelle Rally is a 1,500-mile women's off-road navigation competition across Nevada and California deserts, without GPS or cell phones. The Gladiator Mojave, designed for high-speed desert terrain, features reinforced frame and axles, strengthened steering knuckles, and enhanced suspension.

Jeep 4x4 vehicles have now earned seven of nine overall wins since the inaugural Rebelle Rally. The brand's success highlights its commitment to off-road capability and the growing electrification initiative, with plans for all North American Jeep vehicles to offer an electrified variant by 2025.

The Fiat 500e has been named the 2025 Urban Green Car of the Year by Green Car Journal for the second consecutive year. This all-electric vehicle is Stellantis' first full BEV in North America, featuring a 42-kWh lithium-ion battery with an estimated combined range of 149 miles and 162 miles in the city cycle. At under 3,000 pounds, it's the lightest passenger BEV in its segment while being the most spacious 500 ever.

The Fiat 500e boasts wireless CarPlay, Android Auto, and Alexa built-in as standard features. Pricing for the 2024 model starts at $32,500, with lessees eligible for a $7,500 federal EV tax credit. Customers can choose between a Level 2 charger or $600 in Free2move Charge public charging credits with each purchase or lease. The Fiat 500e is currently Europe's best-selling EV city car, accounting for 40% of sales in its segment.