Stellantis Extends Benchmark Hybrid Powertrain to More Nameplates to Satisfy European Customer Demand

Rhea-AI Summary

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.

Positive

• Stellantis plans to offer 30 hybrid models in Europe this year and six more by 2026.
• 41% increase in hybrid model sales YTD 2024 compared to YTD 2023 in the EU30.
• Stellantis is investing over €50 billion in electrification over the decade.
• Hybrid powertrains achieve up to 20% fuel economy improvement and CO2 reduction.
• Most hybrid models equipped with eDCT technology for improved efficiency and performance.

Negative

• None.

Financial Analyst

The extension of Stellantis' hybrid powertrain to more nameplates represents a strategic move to generate revenue in the growing hybrid market. Increasing the number of models from 30 this year to an additional six by 2026 suggests planned scalability and an aggressive approach to capturing market share. The 41 increase in YTD sales indicates strong consumer demand, likely reflecting a growing trend towards hybrid vehicles in Europe due to increased environmental awareness and regulatory pressures.

From a financial perspective, the immediate benefit could be an improvement in revenue streams and margins, given the higher average selling price of hybrid vehicles compared to traditional combustion engines. The long-term prospects appear promising, contingent upon continued consumer acceptance and competitive positioning. However, investors should be mindful of the substantial €50 billion investment commitment for electrification, which might pressure cash flow and profitability in the short term.

Market Research Analyst

This development underscores Stellantis' commitment to responding to market dynamics and consumer preferences. The introduction of eDCT hybrid technology aligns well with the European market's demand for cleaner, more efficient vehicles. The broadening of the hybrid lineup to include various brands like Alfa Romeo, Jeep and Peugeot can attract a diverse customer base, from luxury to mid-range segments.

The anticipated increase in customer take rate with new launches also suggests effective market penetration strategies. Investors should note the competitive advantage provided by Stellantis' multi-energy platforms, which allow flexibility in manufacturing and can adapt to varying consumer demands. This nimbleness might be critical in maintaining market leadership amid evolving regulatory landscapes and shifting consumer preferences.

Tech Expert

The integration of the innovative eDCT (electrified dual-clutch transmission) technology is a significant technical advancement. This system's ability to switch seamlessly between electric and hybrid modes during low-speed driving offers a superior driving experience and cuts CO2 emissions. The 20 improvement in fuel economy compared to traditional combustion engines positions Stellantis well within the eco-friendly automotive market.

Additionally, the high component commonality (93) between eDCT systems and plug-in electric vehicles simplifies production processes and reduces costs, offering Stellantis a potential cost advantage. However, investors should keep an eye on how well this technology performs in real-world conditions and its acceptance among consumers, which will impact overall success.

Stellantis Extends Benchmark Hybrid Powertrain to More Nameplates to Satisfy European Customer Demand

• Company will have 30 hybrid models available in Europe this year and six new launches planned through 2026
• Innovative electrified dual-clutch transmissions (eDCT) offer supreme performance as an affordable hybridization technology
• Strong energy recuperation during deceleration helps achieve up to 20% fuel economy improvement and equivalent CO₂ reduction, compared to an internal combustion powertrain
• 41% sales increase in 2024 YTD against 2023 YTD in EU30 hybrid models and expected customer take rate increase with new launches
• Unique multi-energy platforms and a flexible manufacturing strategy enable Stellantis to offer customers freedom of choice across its 14-brand portfolio

AMSTERDAM, July 9, 2024 – Leveraging its unique multi-energy approach, Stellantis is swiftly reacting to the quick ramp-up of customer orders in Europe for hybrid models, especially those with the newest eDCT advanced hybrid technology. The Company will offer 30 hybrid models this year and plans to introduce six more through 2026. Hybrid variants deliver exceptional driving experience while ensuring reduced CO₂ emissions at a more affordable price point than fully electric and plug-in hybrid vehicles.    

Stellantis achieved a 41% sales increase in EU30 hybrid models year-to-date 2024 versus year-to-date 2023¹ and expects an increase in customer take rate with the upcoming new launches. Stellantis is the sales leader for low emission vehicles, which includes battery electric, fuel cell, plug-in hybrid and hybrid, in the EU30 for A and B segments and light commercial vehicles.

“In an era where sustainability meets innovation, Stellantis remains at the forefront with our ultimate commitment to advancing hybrid technology for our European customers,” said Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe. “This technology not only enhances the efficiency and performance of traditional combustion engines, it also propels us toward a future of lower emissions, extended vehicle range and overall affordability for our customers.”

Stellantis-brand Hybrid Vehicles Available Now or Coming Later This Year in Europe:

• Alfa Romeo Junior and Tonale
• Citroën New C3, New C3 AirCross, C4, C4X, C5 AirCross, C5X
• DS 3 and DS 4
• Fiat Panda and 600
• Jeep_® Avenger, Renegade and Compass
• New Lancia Ypsilon
• Maserati Grecale
• Opel/Vauxhall Corsa, Astra, Astra SportsTourer, Mokka, Frontera, New Grandland
• Peugeot 208, 308, 308 SW, 408, 2008, New 3008, New 5008
  
  

Stellantis Hybrid Models

Stellantis offers a range of technologies - hybrid, plug-in hybrid and fully electric - by leveraging its multi-energy manufacturing footprint to ensure a suitable option for various customer preferences, driving needs and vehicle sizes. Hybrid-powered vehicles harvest kinetic energy that would otherwise be lost during braking and deceleration. This energy is stored in a compact, lightweight battery and reused during acceleration, contributing to a more efficient driving experience.

“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. “Hybrids are easy to use and don’t require any change in driving habits compared to traditional internal combustion engine vehicles. Our advanced eDCT technology allows the internal combustion engine to remain off, particularly during low-speed driving, resulting in reduced CO₂ emissions and fuel consumption. This is not just innovation; it’s innovation within reach of everyone.”

eDCT Hybrid Advanced Technology

Most Stellantis-brand hybrid vehicles in Europe are now equipped with the state-of-the-art eDCT tech and its integrated 21-kW electric motor, providing an exceptionally seamless and easy driving experience, including pure electric driving, for example in city driving conditions. The electric motor enables the vehicle to travel with the internal combustion engine turned off during driving. The system’s 48-volt, 0.9-kWh battery delivers up to 1 km of range in steady driving and can also provide some electric propulsion during light-load cruising or coasting. During coasting and braking, the electric motor switches to a generator function, capturing kinetic energy and feeding electricity into the battery. A Belt Starter Generator enables a swift and seamless transition between electric mode and hybrid one.

The eDCT-based hybrid powertrain system is engineered for optimal fuel efficiency, achieving up to 20% reduction in CO₂ emissions compared to a combustion engine with an automatic transmission. Thanks to its modularity, the innovative eDCT concept can also support plug-in electric vehicles due to a 93% commonality of components, changing only the electric drive module and inverter.

Stellantis is currently producing hybrid vehicles in more than 70% of its plants in Europe. Through the eTransmissions joint venture, Stellantis and its partner currently produce eDCTs in Metz, France, and Turin, Italy, suppling 11 vehicle manufacturing plants. Combined production capacity is over 1.2 million eDCTs per year.

Stellantis 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 (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To achieve these sales targets, the Company is securing approximately 400 GWh of battery capacity, including support from battery manufacturing plants in North America and Europe. Stellantis is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.

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About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep_®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.

	@Stellantis		Stellantis		Stellantis		Stellantis
For more information, contact: Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com Massimo DE MICHELI +39 335401530 – massimo.demicheli@stellantis.com communications@stellantis.com www.stellantis.com

FORWARD-LOOKING STATEMENTS 

This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. 

Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ Annual Report on Form 20-F for the year ended December 31, 2023 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties. 

Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. Securities and Exchange Commission and AFM. 

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1 January to May 2024 versus January to May 2023; figures based on internal and third-party public sources.

Attachment

• EN-20240709-Stellantis-Hybrid-Expansion

FAQ

What new hybrids is Stellantis launching in Europe in 2024?

Stellantis plans to release 30 hybrid models in Europe in 2024 and six more by 2026, including models from Alfa Romeo, Citroën, Fiat, Jeep, Lancia, Maserati, Opel/Vauxhall, and Peugeot.

How has Stellantis' hybrid sales performance been in 2024?

Stellantis has seen a 41% increase in hybrid model sales year-to-date 2024 compared to year-to-date 2023 in the EU30.

What is the eDCT technology used by Stellantis?

The eDCT technology integrates a 21-kW electric motor with a 48-volt, 0.9-kWh battery, enabling efficient transitions between electric and hybrid modes, improving fuel economy and reducing CO2 emissions.

What are Stellantis' electrification goals for 2030?

Stellantis aims for 100% passenger car battery electric vehicle sales in Europe and 50% in the U.S. by 2030, supported by a €50 billion investment in electrification.

How does Stellantis' hybrid powertrain improve fuel efficiency?

Stellantis' hybrid powertrains, particularly those with eDCT technology, achieve up to 20% improvement in fuel economy and equivalent CO2 reduction compared to traditional internal combustion engines.