Stellantis Posts Record Results In Its First Year With €13.4 Billion Net Profit
As a new company formed on January 17, 2021, Stellantis N.V. posted record results for 2021, accelerating the realization of merger synergies and building solid commercial performance, driven by a […] The post Stellantis Posts Record Results In Its First Year With €13.4 Billion Net Profit appeared first on EMobility+.
As a new company formed on January 17, 2021, Stellantis N.V. posted record results for 2021, accelerating the realization of merger synergies and building solid commercial performance, driven by a clear focus on speed of execution from day one. Stellantis also unveiled ambitious electrification and software plans in the year, with planned investments of more than €30 billion through 2025 and strong partnerships announced in battery technology, battery materials, and software development.
“Today’s record results prove that Stellantis is well-positioned to deliver strong performance, even in the most uncertain market environments. I warmly thank all Stellantis employees across our regions, brands, and functions for their contribution to building our new company powered by its diversity. I take this opportunity to also thank the management team for their relentless efforts as we faced and overcame intense headwinds. Together, we are focused on executing our plans as we race to become a sustainable mobility tech company,” said Carlos Tavares, CEO.
During 2021, Stellantis launched more than 10 new models, including the Citroën C4, Fiat Pulse, DS 4, Jeep® Grand Cherokee, Wagoneer, Maserati MC20, Opel Mokka, Opel Rocks-e, and Peugeot 308. The Company accelerated its low emission vehicles (LEV) commercial momentum leveraging the portfolio of 34 LEV models in the market including hydrogen fuel cell medium vans. Global LEV sales reached 388,000 units, up 160% year-on-year with a number one position for battery-electric van sales in EU30. Stellantis confirmed its strong position in the global commercial vehicles market with leadership in both EU30 and South America markets and achieved its highest-ever worldwide pickup sales with approximately 1 million vehicles sold.
In North America, the Jeep Wrangler 4xe was the bestselling plug-in hybrid electric vehicle in U.S. retail for 2021.
In South America, Stellantis was the market leader in 2021 with a 22.9% share and was also the leader in commercial vehicles with a 30.9% market share.
In Enlarged Europe, Stellantis was the EU30 market leader in commercial vehicles with a 33.7% market share for 2021. The Peugeot 208 was the number one selling vehicle in the EU30 and 2008 was number one in the EU30 B-SUV segment for 2021.
In the Middle East & Africa, consolidated shipments were up 6%, while market share grew in most major markets year-on-year.
In India & Asia Pacific, the Company is preparing to launch the all-new Citroën C3, developed and produced in India.
In China, Dongfeng Peugeot Citroën Automobile Co. Ltd (DPCA), more than doubled its annual sales volume of 2020 with 100,000 units sold and Stellantis became the fourth largest Independent After-Market (IAM) parts distributor in China with sales growth of approximately 30% year on year.
Maserati global market share grew to 2.4%, with North America and China’s market share at 2.9% and 2.7%, respectively, for 2021.
Stellantis also took important steps to strengthen its global financing operations in the U.S. with the creation of Stellantis Financial Services US Corp., as well as in Europe with enhanced financing partnerships with BNP Paribas Personal Finance, Crédit Agricole Consumer Finance, and Santander Consumer Finance.
The post Stellantis Posts Record Results In Its First Year With €13.4 Billion Net Profit appeared first on EMobility+.