1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Stellantis N.V.
  6. News
  7. Summary
    STLA   NL00150001Q9

STELLANTIS N.V.

(STLA)
  Report
Delayed Borsa Italiana  -  11:35 2022-08-05 am EDT
14.33 EUR   +0.06%
08/05U.S. automakers say 70% of EV models would not qualify for tax credit under Senate bill
RE
08/05U.S. auto trade group warns EV tax proposal would make 70% ineligible
RE
08/05STELLANTIS N : Income Statement by activity - Form 6-K
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Transformation in Action: Tremery-Metz Powertrain Plants in France Support Stellantis' Electrified Portfolio

06/30/2022 | 11:26am EDT

Highlights:

* More than EUR2 billion has been invested in the French manufacturing footprint since 2018

* Together with its two JV partners, EUR150 million has been invested to date in the Tremery-Metz facilities for the latest upgrades

* Tremery-Metz upgrades strengthen Stellantis' powertrain manufacturing capability in battery electric and hybrid vehicles

* Investments in Tremery-Metz embody Stellantis' capability to create a new electrified value chain with a balance of partners, in-house design and expert manufacturing

* Engines and transmissions from Tremery-Metz will power Company's commitment to clean, safe and affordable mobility

AMSTERDAM - During a visit today at the Tremery-Metz manufacturing facilities in France, Stellantis CEO Carlos Tavares highlighted the transformations at the two plants as evidence of the Company's progress towards achieving its Dare Forward 2030 electrification ambitions, which include reaching 100% of 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. Since 2018, the Company has invested EUR2 billion in its French manufacturing operations.

The upgrades at Tremery-Metz strengthen Stellantis' powertrain manufacturing expertise in battery electric, plug-in hybrid (PHEV) and hybrid vehicles, supporting society's need for clean, safe, and affordable mobility and easing the transition from internal combustion engine (ICE) vehicles to BEVs.

'Tremery-Metz is a prime example of how we are executing our manufacturing transformation, both in France, and across our global operations,' said Carlos Tavares, Stellantis CEO. 'We have now created a new global value chain with trusted partners, including five gigafactories, to support our global EV battery strategy and propel our Dare Forward 2030 targets. I want to warmly thank our social partners, local stakeholders and our highly skilled employees for their collaboration as we ramp up production at Tremery-Metz and manufacture our electrified future.'

Through investments in two key joint ventures (see 'Value Chain' infographic) at Tremery-Metz, Stellantis has deployed a vertical integration strategy designed to increase control of the global electrification value chain.

Emotors, a 50/50 joint venture with Nidec Leroy-Somer Holding, will start production this year of its cutting-edge range of electric motors at the Tremery plant, formerly the world's largest diesel plant, and now Stellantis' first facility to produce electric motors. Backed by EUR93 million of industrial investments to date, Emotors aims to drive Stellantis' electrification growth while also meeting the needs of other automakers. The joint venture has a planned capacity exceeding 1 million motors per year from 2024.

e-Transmissions, a 50/50 joint venture with Punch Powertrain, supported by industrial investments of EUR57 million to date, is focused on producing the future generation of electrified dual-clutch transmissions (eDCT) at Stellantis' Metz plant. Recognized for its expertise in gearbox production, the Metz plant is expected to grow its annual production capacity to approximately 600,000 eDCT gearboxes by 2024 for Stellantis' hybrid portfolio.

Customer-Focused Electrified Portfolio

The Emotors' M3 will be the first e-motor to launch in the portfolio. The M3 will deliver a cost competitive and efficient electric drive system designed to operate at 400 volts and to deliver 115 kW of power, set to debut on a Stellantis BEV by the end of 2022.

The eDCT is available with two levels of electrification, 48-volt and 320-volt, and can be used for hybrid and PHEV applications. Due to launch in 2023, the 48-volt hybrid propulsion system combined with a radical evolution of the award-winning PureTech Turbo 3-cylinder 1.2-liter gasoline engine offers a true electrified driving experience propelling the vehicle's wheels even when the ICE is turned off and reducing fuel consumption and CO2 by up to 20% when compared with the current powertrain.

A Rich History in France

Over the past four years, the merged companies that formed Stellantis have invested approximately EUR2 billion in the French manufacturing transformation and approximately EUR750 million since the creation of Stellantis in 2021.

Tremery-Metz brings together the Tremery site, which specializes in the manufacturing of engines and e-powertrains, and the Metz site, dedicated to the manufacturing of five- and six-speed manual gearboxes. Located in the heart of Europe, Tremery-Metz has been rooted in Moselle for over 45 years. Its ideal geographical location and immediate proximity to highways enables Tremery-Metz to ship thousands of engines and gearboxes produced every day across the continent.

The region's long industrial history allows Stellantis to benefit from 3,230 highly skilled employees whose professionalism and rigor are unanimously recognized. Stellantis is the leading private employer in Lorraine with the Tremery and Metz sites, employing more than 15,000 in eastern France across five sites including Tremery, Metz, Charleville, Mulhouse and Sochaux.

As Stellantis continues investing in its electric future, its transformation is being carried out in co-construction with unions and social partners in France to ensure the sustainability of its manufacturing operations. Stellantis supports employees along this journey through ongoing training and upskilling programs and activities.

Presentation materials from the event will be available under the Investors section of the Stellantis corporate website at www.stellantis.com.

About Stellantis

Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today's customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves - aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

Media

communications@stellantis.com

Fernao SILVEIRA

+31 6 43 25 43 41

fernao.silveira@stellantis.com

Valerie GILLOT

33 6 83 92 92 96

valerie.gillot@stellantis.com

Nathalie ROUSSEL

33 6 87 77 41 82

nathalie.roussel@stellantis.com

Erika LOUIS-ROY

+33 6 80 45 31 36

erika.louisroy@stellantis.com

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about STELLANTIS N.V.
08/05U.S. automakers say 70% of EV models would not qualify for tax credit under Senate bill
RE
08/05U.S. auto trade group warns EV tax proposal would make 70% ineligible
RE
08/05STELLANTIS N : Income Statement by activity - Form 6-K
PU
08/05Stellantis Gets Ratings Upgrade From Moody’s Amid Higher H1 Income, Lower Debt
MT
08/04Fitch Lifts Stellantis Ratings on Strong Financial Profile; Outlook Stable
MT
08/04Grand Wagoneer, Ram 1500, Jeep Grand Cherokee L and Jeep Wrangler Earn Prestigious 2022..
AQ
08/04Auto supplier Aptiv lowers outlook as China lockdowns, costs bite
RE
08/03CHIP MAKERS HAVE A MESSAGE FOR CAR M : Your turn to pay
RE
08/03Carmakers start to see weaker demand amid inflation squeeze
RE
08/03Stellantis Faces Production Halt At Italian Plant Following Strike By Logistic Contract..
MT
More news
Analyst Recommendations on STELLANTIS N.V.
More recommendations
Financials
Sales 2022 173 B 176 B 176 B
Net income 2022 14 829 M 15 061 M 15 061 M
Net cash 2022 25 432 M 25 830 M 25 830 M
P/E ratio 2022 2,93x
Yield 2022 9,07%
Capitalization 45 061 M 45 766 M 45 766 M
EV / Sales 2022 0,11x
EV / Sales 2023 0,09x
Nbr of Employees 281 595
Free-Float 75,3%
Chart STELLANTIS N.V.
Duration : Period :
Stellantis N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STELLANTIS N.V.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 14,33 €
Average target price 21,37 €
Spread / Average Target 49,1%
EPS Revisions
Managers and Directors
Carlos Tavares Chief Executive Officer & Executive Director
Richard Keith Palmer Chief Financial Officer
John Jacob Philip Elkann Chairman
Harald J. Wester Chief Engineering Officer
Ned Curic Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
STELLANTIS N.V.-14.11%45 766
BYD COMPANY LIMITED9.30%127 505
FERRARI N.V.-18.11%38 725
MARUTI SUZUKI INDIA LTD19.05%33 640
SAIC MOTOR CORPORATION LIMITED-22.06%27 362
CHONGQING CHANGAN AUTOMOBILE COMPANY LIMITED42.22%22 746