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Stellantis N.V. Annual Report for the year ended December 31, 2024 TABLE OF CONTENTS Board of Directors and Independent Auditor Message from the Chairman BOARD REPORT INTRODUCTION MANAGEMENT REPORT Stellantis Overview Dare Forward 2030 strategic plan Overview of Our Business Sales Overview Environmental and ... |
SUSTAINABILITY STATEMENT CONTROLS AND PROCEDURES 2025 STELLANTIS GUIDANCE AND OUTLOOK FINANCIAL STATEMENTS Consolidated Financial Statements at December 31, 2024 Consolidated Income Statement Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Consolidated Statement of Cash ... |
Financial Position Notes to the Company Financial Statements OTHER INFORMATION ADDITIONAL INFORMATION FOR NETHERLANDS CORPORATE GOVERNANCE ADDITIONAL INFORMATION FOR U.S. LISTING PURPOSES Independent Auditor's Report FORM 20-F CROSS REFERENCE Page 3 4 6 6 10 10 13 16 21 34 41 49 64 71 76 95 141 ... |
31 December 2024 is not presented in the ESEF-format as specified in the Regulatory Technical Standards on ESEF (Delegated Regulation (EU) 2019/815). The ESEF single reporting package is available at: https://www.stellantis.com/en/investors/reporting/financial-reports. 2 BOARD OF DIRECTORS Chairman John Elkann ... |
Parzani(1),(2) Benoît Ribadeau-Dumas(1),(3) Jacques de Saint-Exupéry INDEPENDENT AUDITOR AND REGISTERED PUBLIC ACCOUNTING FIRM Deloitte Accountants B.V. (independent auditor of the Company for the purposes of our annual reports file with the Autoriteit Financiële Markten (“AFM”))(4) Deloitte & Associés (independent ... |
________________________________________________________________________________________________________________________________________________ (1) Member of the Environmental, Social Governance Committee (“ESG”) (2) Member of the Audit Committee (3) Member of the Remuneration Committee (4) Refer to “About this Report... |
year in which those attributes were more relevant than ever. Internal and external challenges came to our door and, like the great brands that define our Company, we showed our continued ability to evolve. In 2025, our focus must remain on creating long-term value for our Company and all our stakeholders. In a chal... |
and Jeep was recognized for the 23rd year in a row as America’s most patriotic brand; In Europe, we have an industry-leading range of 40 battery electric vehicles including the Alfa Romeo Junior, Citroën ë-C3, Fiat 500e, Jeep Avenger, Opel Grandland, Peugeot E-208 and a completely renewed Pro One van lineup; In Br... |
transformation from the Middle East & Africa with our Citroën AMI, Fiat Topolino and Opel Rocks-e; • Stellantis Pro One, the Stellantis commercial vehicles business unit, introduced a completely refreshed 12- nameplate range of light commercial vehicles in 2024, and maintained its top position in Europe and South ... |
accessible product offering with our experienced distribution network. We also took important steps to build our future, as illustrated by these examples: • We introduced the STLA Large platform, a multi-energy platform underpinning the new Dodge Charger Daytona, Jeep Wagoneer S and Jeep Recon, as well as upcomin... |
and select global markets. It will debut on the Ram 1500 Ramcharger later this year, featuring range-extending hybrid technology; • We deployed our dual-chemistry approach – lithium-ion nickel manganese cobalt and lithium iron phosphate – to serve our customers needs while still exploring innovative battery cell and... |
compared to traditional lithium-ion batteries; • We continued connecting with our communities through our Motor Citizens global initiative, with nearly 6,000 Stellantis colleagues volunteering last year. I was also very happy to have joined the third edition of the global Stellantis Student Awards, where we celebra... |
workforce. With this initiative, we strengthened our commitment to sharing value creation with our employees and further foster pride in Stellantis’ growth. Nonetheless, Stellantis’ 2024 performance was well below our potential, due primarily to the combination of operational difficulties and disruptions associated... |
Net cash from operating activities of €4.0 billion and Industrial free cash flows were negative €6.0 billion. Following the resignation of Carlos Tavares on December 1, 2024, the process to appoint the new Chief Executive Officer, managed by a Special Committee of the Board, is well under way and will be concluded ... |
responsibility, I’ve had the chance to get to know many of our people up close, talented people who represent Stellantis’ greatest strength. All of them have the clear understanding of the context in which we are competing, with its challenges, obstacles and problems to solve. But most importantly, they have also th... |
the challenges this entails. But we rely on a number of fundamental strengths. • • • Our iconic brands will offer customers more freedom to choose – internal combustion, hybrid and electric – with our multi-energy powertrain strategy; Our commitment to create human-centric technologies that are useful, easy an... |
for them to reach their full potential. Coming from many walks of life, we work together as one team, driven by our common passion for the automotive industry and our shared determination to embrace all the opportunities this period of great transformation has to offer. 2025 will be a crucial year. I am confident... |
creativity and dedication of our incredible colleagues, we will grow stronger, shaping a bright and exciting future for our Company. Thank you. February 27, 2025 /s/ John Elkann Chairman 5 BOARD REPORT INTRODUCTION About this Report Stellantis N.V. was created as a resu... |
merger, FCA N.V. was renamed to Stellantis N.V., a public limited liability company (naamloze vennootschap), organized in the Netherlands, as the parent of Stellantis with its principal executive offices located at Taurusavenue 1, 2132LS Hoofddorp, the Netherlands. This document, referred to hereafter as the “Annu... |
The Securities and Exchange Commission (“SEC”) maintains an internet site at http://www.sec.gov that contains reports, information statements, and other information regarding issuers that file electronically with the SEC. The address of the SEC’s website is provided solely for information purposes and is not intende... |
York 10005. We also make our periodic reports, as well as other information filed with or furnished to the SEC, available free of charge through our website, at www.stellantis.com, as soon as reasonably practicable after those reports and other information are electronically filed with or furnished to the SEC. The ... |
“Company” and “Stellantis” refer to Stellantis N.V., together with its consolidated subsidiaries, or any one or more of them, as the context may require. References to “FCA”, “FCA N.V.” and “FCA Group” mean Fiat Chrysler Automobiles N.V. or Fiat Chrysler Automobiles N.V. together with its consolidated subsidiaries,... |
any one or more of them, as the context may require. References to “the merger” refer to the merger between PSA and FCA completed on January 16, 2021 and resulting in the creation of Stellantis. References to the Chief Executive Officer (“CEO”) and Strategy Council refer to our top executive management structure ... |
of Financial and Other Data This report includes the Consolidated Financial Statements of Stellantis as of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022 prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting S... |
issued by the IASB and IFRS as adopted by the European Union. The consolidated financial statements and the notes to the consolidated financial statements are referred to collectively as the “Consolidated Financial Statements”. 6 All references in this report to “Euro” and “€” refer to the currency issued by the E... |
States of America (“U.S.”). All figures shown are rounded to the nearest million. Certain totals in the tables included in this report may not add due to rounding. The language of this report is English. Certain legislative references and technical terms have been cited in their original language in order that the ... |
the audited Consolidated Financial Statements included elsewhere in this report. Market and Industry Information In this report, we include or refer to industry and market data, including market share, ranking and other data, derived from or based upon a variety of official, non-official and internal sources, su... |
report may also be based on our good faith estimates, our own knowledge and experience and such other sources as may be available. Market share data may change and cannot always be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gatherin... |
and other limitations and uncertainties inherent in any statistical survey of market shares or size. Industry publications and surveys and forecasts generally state that the information contained in such publications, surveys and forecasts has been obtained from sources believed to be reliable, but there can be no as... |
third-party sources. In addition, we typically estimate market share for automobiles and commercial vehicles based on registration data. In markets where registration data are not available, we calculate our market share based on estimates relating to sales to final customers. Such data may differ from data relati... |
estimates have not been verified by an independent expert, and we cannot guarantee that a third party using different methods to assemble, analyze or compute market data would obtain or generate the same result. The market share data presented in this report represents the best estimates available from the sources in... |
based on various factors, including those discussed in the section Risk Factors in this report. Cautionary Statements Concerning Forward Looking Statements Statements contained in this report, particularly those regarding possible or assumed future performance, competitive strengths, costs, dividends, reserves, our... |
words 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 are used to identify forward- looking statements. These forward-looking sta... |
and uncertainties include, without limitation: • • • our ability to launch new products successfully and to maintain vehicle shipment volumes; our ability to attract and retain experienced management and employees; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the a... |
products, which is subject to cyclicality; our ability to accurately predict the market demand for electrified vehicles; our ability to offer innovative, attractive products, and to develop, manufacture and sell vehicles with advanced features, including enhanced electrification, connectivity and autonomous-driving ... |
businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in our vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disrupti... |
or other changes in 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 and greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmenta... |
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; exposure to shortfalls in the funding of our defined benefit pension plans; our ability to pr... |
to execute our business plan; our ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with our relationships with employees, dealers and suppliers; our ability to maintain effective internal controls over fina... |
in this report. 8 Furthermore, in light of the inherent difficulty in forecasting future results, any estimates or forecasts of particular periods that are provided in this report are uncertain. We expressly disclaim and do not assume any liability in connection with any inaccuracies in any of the forward-looking ... |
such forward-looking statements. We do not undertake an obligation to update or revise publicly any forward-looking statements. Additional factors which could cause actual results and developments to differ from those expressed or implied by the forward-looking statements, refer to “Risk Management - Risk Factors” i... |
designing, engineering, manufacturing, distributing and selling vehicles and components worldwide. Stellantis designs, engineers, manufactures, distributes and sells vehicles across five portfolios: (i) luxury vehicles under the Maserati brand; (ii) premium vehicles covered by Alfa Romeo, DS and Lancia brands; (iii)... |
Peugeot and Vauxhall vehicles. Stellantis centralizes design, engineering, development and manufacturing operations, to allow it to efficiently operate on a global scale. In 2024, a Stellantis-led joint venture, Leapmotor International launched operations to distribute the vehicles of Leapmotor, a Chinese new energy... |
Additionally, Stellantis provides retail and dealer financing, leasing and rental services available through its subsidiaries, joint ventures and commercial arrangements with third party financial institutions. Until December 2024, Stellantis operated in the production systems sector under the Comau brand. Refer to ... |
systems business. In connection with our Dare Forward 2030 strategic plan, we have also increased our focus on generating growth in several other areas, such as our pre-owned car business, the two mobility brands, Free2move and Share Now, as well as independent aftermarket parts and services and software, with a pa... |
targets the automotive and mobility sectors. Stellantis’ ambition is to contribute to global carbon neutrality, with an ambitious carbon footprint reduction roadmap, including: (i) cutting CO2 vehicle emissions by offering a wide range of battery electric vehicles (“BEVs”) and plug-in hybrid electric vehicles (“PH... |
improving the environmental performance of the supply chain through a strong engagement of our supply chain to mitigate emissions. Additionally, this is supported through our circular economy business, whose main objectives are to extend the life of vehicles and parts by returning material and end-of-life vehicles b... |
Shipment Information included elsewhere in this report for additional information); Net revenues of €156.9 billion; Net profit of €5.5 billion; Adjusted Operating Income (“AOI”) of €8.6 billion (Refer to Non-GAAP Financial Measures included elsewhere in this report for additional information); Cash flows from/(use... |
information). At December 31, 2024, the Company’s available liquidity was €51.8 billion (including €12.9 billion available under undrawn committed credit lines). Refer to Financial Overview - Liquidity and Capital Resources included elsewhere in this report for additional information. History of Stellantis Stella... |
Chrysler Automobiles N.V. In its current configuration, Stellantis is the result of the merger of FCA and PSA, each of which were leading independent global automotive groups prior to the merger. 10 Fiat S.p.A., the predecessor to FCA, was founded as Fabbrica Italiana Automobili Torino in July 1899 in Turin, Ital... |
manufacturers including Lancia, Alfa Romeo, Maserati and Ferrari. In October 2015, the initial public offering of Ferrari N.V. was completed, followed by the spin-off of FCA’s remaining interest in Ferrari to its shareholders in January 2016. In 2009, FCA US LLC (“FCA US”), then known as Chrysler Group LLC, acquired... |
S.p.A. expanded its initial 20 percent ownership interest to 100 percent of the ownership of FCA US and in October 2014, Fiat S.p.A. completed a corporate reorganization resulting in the establishment of FCA as the parent company of the FCA Group, with its principal executive offices in the United Kingdom. Peugeot ... |
PSA acquired all of the outstanding shares of Citroën S.A. and then merged the two companies in 1976. In 1978, PSA acquired Chrysler Corporation’s stake in its industrial and commercial subsidiaries in Europe, as well as Chrysler Financial Corporation’s European commercial financing subsidiaries. In 1995, PSA Financ... |
Vauxhall subsidiaries of GM in August 2017. On December 17, 2019, FCA and PSA entered into a combination agreement (as amended, the “combination agreement”) agreeing to merge the two groups. On January 16, 2021, PSA merged with and into FCA, with FCA as the surviving company. On January 17, 2021, the combined com... |
the New York Stock Exchange (“NYSE”). Stellantis common shares trade under the following symbols: Euronext Milan: “STLAM”; Euronext Paris: “STLAP”; NYSE: “STLA”. The principal office of Stellantis is located at Taurusavenue 1, 2132LS Hoofddorp, the Netherlands (telephone number: +31 23 700 1511). Its agent for U.S.... |
the largest shareholders of Stellantis were Exor N.V. (“Exor”) (holding 15.52 percent of the outstanding common shares), Établissements Peugeot Frères (“EPF”) (holding 7.74 percent of the outstanding common shares) and Bpifrance Participations S.A. (“BPI”) (holding 6.65 percent of the outstanding common shares). As a... |
voting mechanism, including the terms and conditions of our special voting shares, please see “CORPORATE GOVERNANCE- Loyalty Voting Structure.” As of February 25, 2025 the share capital of the Company consists of the following: 2,896,073,567 common shares and 866,522,224 Class A special voting shares, all with a pa... |
the following persons owned, directly or indirectly, in excess of three percent of Stellantis’ capital and/or voting interest as of February 25, 2025: Stellantis Shareholders Exor(2) EPF(3) BPI(4) BlackRock Inc.(5) Capital Research and Management Company(6) Number of Issued Common Shares(1) 449,410,092 224,228,1... |
________________________________________________________________________________________________________________________________________________ (1) Issued shares includes common shares as well as 866,522,224 Class A special voting shares. Refer also to Corporate Governance - Articles of Association and Information on ... |
shares) (3) EPF, through Peugeot Invest and its subsidiary Peugeot 1810, owns 224,228,121 common shares and 224,228,121 Class A special voting shares (11.92 percent of the issued shares) (4) BPI owns 192,703,907 common shares and 192,703,907 Class A special voting shares (10.24 percent of the issued shares). BPI is ... |
also (directly and indirectly) holds an additional 8,207,316 Stellantis common shares, representing an additional 0.28 percent of the common shares and 0.22 percent of the issued share capital and voting rights of Stellantis (5) According to information published on the AFM website as of February 25, 2025, BlackRock... |
on the AFM website as of February 25, 2025, Capital Research and Management Company owns 123,437,499 voting rights (3.28 percent of the issued shares) Based on the information in Stellantis’ shareholder register and other sources available to Stellantis, as of February 25, 2025, approximately 502 million Stellanti... |
common shares had registered addresses in the United States. 12 Dare Forward 2030 strategic plan Achievements in 2024 toward the three pillars of the Dare Forward 2030 strategic plan are as follows: Tech • In 2024, sold 314,500 BEVs worldwide: ◦ Stellantis Pro One (our commercial vehicles business u... |
Alternative Energies and Atomic Energy Commission (CEA) to pursue next-generation battery cell technology. This joint program includes designing advanced technology cells with higher performance, longer lifespan and a lower carbon footprint at competitive costs Stellantis and Infineon Technologies AG announced they... |
announced an increase in the production capacity of electric drive modules to support growth in its electrification portfolio by adding production in Szentgotthard, Hungary, targeted to begin in late 2026 Electrified dual-clutch transmissions (“eDCTs”) production launch at our Mirafiori complex marked another miles... |
to support multi-energy technology and manufacturing flexibility Stellantis Ventures invested in Tiamat, a France-based company developing and commercializing sodium-ion battery technology Stellantis and Contemporary Amperex Technology Co., Limited (“CATL”) entered into an agreement to invest up to €4.1 billion i... |
Stellantis introduced the highly flexible STLA Large platform in 2024. This platform is designed to be the most adaptable multi-energy BEV-centric platform in the industry, covering a wide spectrum of vehicles. The Company also unveiled the STLA Frame platform, tailored for full-size, body-on-frame trucks and SUVs ... |
SmartCockpit and STLA AutoDrive as well as its software engineering capabilities: ◦ ◦ Stellantis delivered more than 100 million Over-the-Air (“OTA”) updates in 2024, enhancing the mobility experience for customers Next-generation technology platforms – STLA Brain, STLA SmartCockpit and STLA AutoDrive - progr... |
capabilities, driving faster development timelines and customization across its operation: • • Stellantis acquired the AI framework, machine learning models and intellectual property rights and patents of CloudMade, supporting the integration of AI in the STLA SmartCockpit platform Stellantis has secured the cr... |
a forward equity purchase agreement which became payable following successful milestone achievements and open market purchases. Stellantis’ 2024 carbon footprint trend is aligned with the carbon net zero by 2038 (with single-digit percentage compensation of the remaining emissions) roadmap, and showed an emissions ... |
its third global employee survey in March with a 71 percent participation rate; Sustainability initiatives include: ◦ ◦ ◦ ◦ ◦ VALORAUTO, Stellantis’ take-back and recycling service for end-of-life vehicles, launched the online portal dedicated to private owners of all brands and engines, in France, Belgium and ... |
material loops in Enlarged Europe and North America, aimed at reintroducing the Company’s internal waste into the supply chain and building an efficient materials eco-system with various stakeholders Expanded SUSTAINera circular economy activities in North America, including new product lines and range extension o... |
interest rate of 3.75 percent and matures in March 2036. Refer to Note 22, Debt, within the Consolidated Financial Statements included elsewhere in this report for additional information • 30 percent reduction since 2021 in vehicle rate defects 3 months after customer delivery; • Women hold 33.5 percent of leader... |
graduates of Stellantis employees from 22 countries with a monetary award; Stellantis Motor Citizens celebrated International Volunteer Day with many events across the regions – in 2024, nearly 5,800 Motor Citizens volunteered in excess of 22,000 hours to initiatives in their communities supporting the four focus a... |
entire workforce, representing more than 230,000 employees worldwide; 14 Value • • • • • • • • • In 2024, Stellantis rewarded employees worldwide in recognition of the Company’s strong 2023 performance with nearly €1.9 billion in bonus payments; and As part of a broader stakeholder engagement plan, St... |
debate “How will our planet accommodate the mobility needs of eight billion people?”. Stellantis Pro One, the Company’s commercial vehicles business unit, inaugurated its global commercial vehicles hub at Mirafiori Automotive Park 2030 in Turin, Italy. The hub brings together all functions aligning the business uni... |
than 40 new products from 2025 to 2030, and the development of new bio-hybrid technologies, innovative decarbonization technologies across the automotive supply chain, and new strategic business opportunities; Stellantis allocated the production of the mid-size “K0” model to Tofas-Turk Otomobil Fabrikasi A.S. (“Tof... |
Chinese automaker Leapmotor, distributed the first vehicles, the Leapmotor T03 and C10 electric vehicles, supported by over 400 dealers; Stellantis completed the sale of a majority interest in Comau S.p.A. (“Comau”), its production components business, to One Equity Partners. The transaction was part of the strate... |
Association (“ACEA”); and In December 2024, Stellantis finalized an agreement to enter into a CO2 regulatory credits open pool for passenger cars to contribute to the achievement of its 2025 European emissions targets while optimizing its resources. Many of the targets set forth in the Company’s Dare Forward 203... |
availability of decarbonized energy. These targets have become increasingly challenging in light of the trends in market dynamics, government policy and regulation that have emerged since the plan’s introduction in March 2022. Although the targets remain in place, the speed and trajectory at which they may be met is... |
following six reportable segments: (i) North America: Stellantis’ operations to manufacture, distribute and sell vehicles in the United States, Canada and Mexico, primarily under the Jeep, Ram, Dodge, Chrysler, FIAT and Alfa Romeo brands. Manufacturing plants are located in: U.S., Canada and Mexico; (ii) Enlar... |
members of the European Free Trade Association). Under the mainstream brands Citroën, FIAT, Opel, Peugeot, Vauxhall, premium brands Alfa Romeo, DS and Lancia. Manufacturing plants are located in: France, Italy, Spain, Germany, UK, Poland, Portugal, Serbia and Slovakia. In 2024, we commenced the distribution of Leapm... |
Citroën, Opel, FIAT and Jeep brands. Manufacturing plants are primarily located in Morocco, Algeria and Turkey, through our joint venture with Tofas. In 2024, we commenced the distribution of Leapmotor-branded vehicles; (iv) South America: Stellantis’ operations to manufacture, distribute and sell vehicles in South ... |
located in the main markets of Brazil and Argentina. In 2025, we will commence the distribution of Leapmotor-branded vehicles; (v) China and India & Asia Pacific: Stellantis’ operations to manufacture, distribute and sell vehicles in the Asia Pacific region (mostly in China, Japan, India, Australia and South Korea)... |
located in India and Malaysia, through our joint operation India Fiat India Automobiles Private Limited (“FIAPL JV”) and our wholly owned subsidiary Stellantis Gurun (Malaysia). Our Citroën and Peugeot branded vehicles are manufactured in China by Dongfeng Peugeot Citroën Automobiles (“DPCA”) under various license a... |
develop, manufacture, distribute worldwide and sell luxury vehicles under the Maserati brand. Design, engineering and manufacturing plants are located in Italy. Stellantis also owns or holds interests in companies operating in other activities and businesses. These activities are grouped under “Other Activities”, ... |
investments, including Archer, as well as the financial services activities of dealer and customer financing primarily in North America, Enlarged Europe, South America and China and until December 2024, the Company’s industrial automation systems design and production business, operating under the Comau brand name. ... |
included under “Other Activities” are our companies that provide services, including accounting, payroll, tax, insurance, purchasing, information technology, facility management and security for the Company and management of central treasury activities. Definitions and abbreviations Passenger cars include sedans,... |
that are greater than 5.1 meters in length. Utility vehicles (“UVs”) include sport utility vehicles (“SUVs”), which are available with four-wheel drive systems that provide true off-road capabilities, and crossover utility vehicles, (“CUVs”), which are not designed for heavy off-road use. UVs can be divided among ... |
meters in length. 16 Light trucks are divided between vans (also known as light commercial vehicles, or “LCVs”), which typically are used for the transportation of goods or groups of people, and pickup trucks, which are light motor vehicles with an open-top rear cargo area. Minivans, also known as multi-purpose... |
platform is significantly different from the platform used in the prior model year and/or it has had a full exterior renewal. A vehicle is characterized as “significantly refreshed” if it continues its previous vehicle platform but has extensive changes or upgrades from the prior model year. Design and Manufactur... |
Cherokee, Jeep Meridian, Alfa Romeo Tonale, Citroën C5 Aircross, DS 3 Crossback, Maserati Grecale and Peugeot E-3008. Our passenger car product portfolio includes vehicles such as the Opel and Vauxhall Mokka, Fiat 500, Alfa Romeo Giulia, Citroën ëC3, Lancia Ypsilon, Dodge Charger and Peugeot 308, and minivans such a... |
as the Ram 3500/4500/5500. Our LCVs include vans such as the Fiat Professional Doblò, Peugeot Partner, Citroën Berlingo, Opel/Vauxhall Combo and Ram ProMaster. The Stellantis Production Way (“SPW”) is a set of manufacturing-related tools and principles intended to achieve best in class performance as measured by h... |
improved and economical use of production assets. Following the 2022 launch of SPW, Stellantis has focused on implementation and execution, as SPW tools, principles and priorities have been deployed throughout each of its manufacturing plants. Research and Development In alignment with its Dare Forward 2030 strateg... |
technology, vehicle electrical and software architecture, and connectivity technologies. Significant activity has also continued with a focus to reduce overall vehicle energy demand, fuel consumption and emissions based on traditional technologies. Recent fuel consumption and emissions reduction activities have prim... |
Initiatives Modular Vehicle Platforms In January 2024, Stellantis unveiled the STLA Large platform, which has a range of 800 kilometers and is available in 400 and 800-volt BEV architectures as well as multi-energy variants, including hybrid and internal combustion, allowing for increased flexibility in a wide ran... |
to full-size vehicles. In November 2024, Stellantis unveiled the STLA Frame platform, designed for full-size, body-on-frame trucks and SUVs, and able to support internal combustion, hybrid, hydrogen, BEV and REEV technologies. The all-new, all-electric Ram 1500 REV light duty pickup will be built on the STLA Frame ... |
expected to begin in 2025. STLA Large and STLA Frame are two of the four platforms comprising Stellantis’ BEV-centric platform strategy, along with STLA Small (ultra-compact cars) and STLA Medium (compact to mid-size vehicles), which was the first platform unveiled in July 2023. 17 Propulsion Systems In F... |
production in Szentgotthard is targeted to begin in late 2026. Stellantis’ electric propulsion system strategy includes three families of EDMs that combine the motor, gearbox and inverter, each designed to meet different performance needs. The EDMs can be configured for front-wheel drive, rear-wheel drive and all-wh... |
to internally develop software and controls in order to maintain characteristics unique to each brand. In April 2024, Stellantis also announced the production launch of the next-generation eDCTs for hybrid and plug-in hybrid vehicles at its Mirafiori complex in Turin, Italy. The eDCTs produced at Mirafiori incorpora... |
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