Stellantis NV NYSE& EURONEXT : STLA 4-ty na świecie producent samochodów po fuzji Fiat FCAU i Peugeot PSA

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Stellantis (NYSE:STLA) stock rose pre 2.1% after the world’s third-largest automaker by sales beat first-half expectations for revenue and operating profit, with CEO Carlos Tavares saying cost cutting will have to accelerate to keep profitability strong in a more challenging pricing environment.

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MUNICH (Reuters) - Stellantis-owned carmaker Opel will be able to offer an electric vehicle at a price of about 25,000 euros ($26,967) without incentives from around 2026, the brand's CEO said on Monday.

"With purely electric platforms from Stellantis (NYSE:STLA), we will be able to offer prices that will allow us to touch a far wider audience," Florian Huettl told reporters.

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The head of global propulsion systems at Stellantis (NYSE:STLA) announced Friday the company's intention to increase its battery production capacity to 400 GWh in order to meet the rising demand for electric vehicles.

"We have already announced about 250 gigawatt hours of capacity around the world. We believe we need to go to 400 gigawatt hours of capacity around the world," said Senior VP and head of Global Propulsion Systems, Micky Bly.

"We have committed to delivering six gigafactories around the world, and more to come," he said.

However, Bly did not specify whether the group had plans to construct additional gigafactories in addition to those previously announced to further expand production capacity.

The multi-national automaker recently inaugurated its first European gigafactory in France, with plans for additional facilities in Germany and Italy, all through the ACC joint venture in collaboration with Mercedes (OTC:MBGAF) and TotalEnergies (EPA:TTEF).

Additionally, three more facilities are in the pipeline for the United States and Canada.

In line with its efforts to enhance capacity, Stellantis also announced on Friday a €40 million ($43M) investment in its Battery Technology Center located in Turin's Mirafiori complex. This center will primarily focus on conducting in-house testing and development for EV battery packs intended for future vehicles within the Stellantis group.

Shares of STLA are up 0.69% in afternoon trading on Friday.

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Stellantis NV (NYSE:STLA) revealed Monday morning that the automaker plans to introduce reimagined Commercial Vehicles from multiple brands on Monday, October 23, at 3 p.m. CEST / 9 a.m. EDT.

Jean-Philippe Imparato, who leads the Commercial Vehicles Business Unit, and Xavier Peugeot, the Senior Vice President of the Commercial Vehicles Business Unit, will be accompanied by CEOs from Citroën, FIAT, Opel, Peugeot, Ram, and Vauxhall brands as they reveal significant new products.

Streaming video of the event will be available at 3 p.m. CEST / 9 a.m. EDT on the Stellantis YouTube channel.

The Stellantis Commercial Vehicles division is one of the seven growth-oriented business units specified in the Dare Forward 2030 strategic plan.

Shares of STLA are down 2.52% in pre-market trading Monday morning.

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Stellantis and Samsung will build a 2nd joint EV battery plant in Indiana

Stellantis (NYSE:STLA) and South Korea's Samsung SDI (KS:006400) revealed on Wednesday the two companies their plans to establish a second electric vehicle battery facility in Kokomo, Indiana, which happens to be the hometown of United Auto Workers President Shawn Fain.

The union leader is presently engaged in a dispute with the Detroit Three automakers regarding union representation in new battery plant establishments.

Stellantis and SDI’s second collaborative battery factory in Indiana is on track to commence operations in 2027, potentially providing employment for 1,400 individuals. Samsung SDI, in a statement, mentioned that the combined annual production capacity at the Indiana site would reach 67 gigawatt hours (GWh).

The first joint facility is scheduled to begin production in the first quarter of 2025.

This announcement coincides with a challenging period for Stellantis, the parent company of Detroit's Chrysler, Jeep, and Ram truck brands, which is dealing with financial losses stemming from nearly four weeks of strikes by the United Auto Workers at a Jeep plant in Toledo, Ohio, as well as at parts depots throughout the United States.

Fain, who initially became a member of the UAW while working at one of Chrysler's Kokomo powertrain facilities, is insisting that Stellantis, General Motors (NYSE:GM), and Ford (NYSE:F) integrate their joint venture electric vehicle (EV) battery factories into the union's overarching agreements with these automakers.

Stellantis and Ford, however, have thus far remained firm in their position, contending that the battery ventures are distinct entities requiring more cost-efficient labor arrangements.

The establishment of a second U.S. battery plant by Stellantis would aid the company in meeting the requirements of the U.S. Inflation Reduction Act, which regulates the domestic content criteria for federal electric vehicle subsidies.

Shares of STLA are up 3.12% in pre-market trading Wednesday morning.

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