Stellantis N.V Stock Price, News & Analysis

Envisics, a leader in holographic head-up display technology, has secured over $50 million in Series C funding, achieving a post-money valuation of $500 million. The investment round, led by Hyundai Mobis, includes new significant investors such as GM Ventures and Stellantis Ventures. The funding aims to expedite product development for advanced augmented reality head-up displays (AR HUDs), which are essential for modern vehicles. General Motors plans to integrate this next-generation technology in the 2024 Cadillac LYRIQ. The AR HUD market is projected to grow at a 28% CAGR, expanding from 1.6 million units in 2022 to 19.1 million by 2032.

Dodge is ramping up anticipation for the seventh and final 2023 "Last Call" special-edition model with the release of the third teaser video titled "Scream @ 215 mph." This video provides insights into the high-performance capabilities of the upcoming vehicle. The official reveal will occur at the Dodge Last Call Powered by Roadkill Nights Vegas event on March 20, 2023, at Las Vegas Motor Speedway. Attendees can purchase tickets via MotorTrend. The event will feature drag racing, celebrity appearances like Diplo, and a showcase of Dodge's electrified future, including the Charger Daytona SRT Concept. Dodge has introduced six previous models in this series.

Dodge//SRT and Mopar commence the 2023 NHRA Camping World Drag Racing Series from March 9-12 at Gainesville Raceway, Florida, marking the first season-opening event hosted in Florida's history. This event celebrates a year of partnership with Tony Stewart Racing, featuring drivers Leah Pruett and Matt Hagan. Hagan, the defending Funny Car champion, aims for victory with his Direct Connection Dodge Charger SRT Hellcat. Likewise, Pruett brings her Top Fuel dragster, capitalizing on successful pre-season tests. The event will showcase performance parts from Direct Connection and runs throughout 21 national events streamed live on FOX and NHRA.TV.

On March 7, 2023, Stellantis announced a partnership with Detroit-based Vehya to enhance its U.S. dealer network's readiness for electric vehicles (EV). This collaboration will provide comprehensive evaluations and integration services to over 2,600 Stellantis dealers. Currently, more than 73% of these dealers are assessing their readiness for EV sales and service. Vehya offers a full-service solution, including certified electricians and dedicated account management, to streamline the installation of EV chargers. This partnership is part of Stellantis' broader plan to ensure that 50% of its U.S. sales consist of battery-electric vehicles by 2030.

The all-new Dodge Hornet has launched a multimedia marketing campaign titled "Swarming the Nation" across various platforms including social media and television. The campaign features a 90-second video highlighting the Hornet's performance, which includes a hybrid model with 288 horsepower and a 0-60 mph time of 5.6 seconds. The Hornet GT, powered by a 2.0-liter turbo engine, boasts 268 horsepower, making it the most powerful gas engine in its segment under $30,000. The Hornet aims to disrupt the mainstream compact-utility vehicle market with its exclusive features and electrified performance.

On March 1, 2023, Dodge unveiled the second in a series of teasers leading to the launch of the final "Last Call" special-edition vehicle. The teaser, titled "Density Matters," hints at the performance features of this ultimate Dodge model. The global reveal is set for March 20, 2023, during the Dodge Last Call Powered by Roadkill Nights Vegas event. Following the previous teaser, a new video will be released on March 9, 2023. Dodge is celebrating the end of the HEMI-engine-powered Dodge Challenger and Charger with these final special editions. The event will also showcase the Dodge Charger Daytona SRT Concept, marking the brand's electrified future.

Stellantis has announced a significant investment of $155 million in three plants located in Kokomo, Indiana, aimed at producing new electric drive modules (EDM) to enhance their electrification efforts. This investment aims to support Stellantis's goal of achieving 50% battery-electric vehicle sales in the U.S. by 2030. The EDM will integrate key components to improve vehicle performance and efficiency, potentially reaching a driving range of up to 500 miles. Over 265 jobs will be retained, contributing to the company’s strategic objective of investing nearly $3.3 billion in Indiana since 2020.

The Dodge Last Call Powered by Roadkill Nights Vegas event, scheduled for March 20, 2023, will showcase the final 2023 Dodge "Last Call" special-edition model, marking the end of the current HEMI®-engine-powered Dodge Challenger and Charger. This event features a day of drag racing, thrill rides, and a car show, culminating in a concert by Grammy-winner Diplo. Dodge is also celebrating its 2023 lineup by reviving popular heritage colors and introducing new features for its Charger and Challenger models, which will include a commemorative underhood plaque.