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☆ Stellantis to reveal its first Europe-made affordable electric vehicle
▼ + stars: | 2023-06-16 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Stellantis, the third-largest carmaker in the world by revenue, will reveal its first European-made, affordable electric car in mid-October. The new Citroën e-C3 model will have a 320-kilometre range and a 57-minute "fast charge" capability, Citroën says. The company aims to have a total of 47 battery electric vehicles on the market by the end of 2024, the May press release said. Sales of Stellantis' battery electric vehicles were up 22% year-on-year in the first quarter of 2023, the company reported. Shares of Stellantis were up 0.2% when markets opened at 8.00 a.m. London time Friday.

Persons: Stellantis, Citroën Locations: London

☆ Stellantis to unveil Citroën e-C3, first affordable European-made EV
▼ + stars: | 2023-06-15 | by ( Gilles Guillaume | ) www.reuters.com time to read: +2 min

PARIS, June 15 (Reuters) - The world's No.3 carmaker Stellantis will unveil its first European-made affordable electric car in mid-October, the new Citroën e-C3, as it gears up to counter the arrival of lower-cost Chinese brands in the European market. Electric vehicles (EVs) are more expensive than their fossil-fuel counterparts and European carmakers plan cheaper models encouraged by government subsidies. That EV subsidy should be unveiled in October for cars to be delivered in 2024, a government source told Reuters. The need for more affordable European models has been driven by Chinese EV brands, which are seen as a threat to European carmakers as they can offer cheaper models. Built on Stellantis' "smart car" architecture introduced in India and Latin America, the vehicle will be assembled in Slovakia and will launch early in 2024, Koskas said.

Persons: Thierry Koskas, Koskas, Gilles Guillaume, Nick Carey, Sharon Singleton Organizations: Reuters, EV, Renault Dacia Spring, Renault, Citroen, Thomson Locations: France, Europe, India, Latin America, Slovakia, China

☆ Stellantis warns UK risks exodus of EV production under post-Brexit rules
▼ + stars: | 2023-05-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Stellantis manufactures Vauxhall, Fiat, Opel and other vehicles across two plants in the U.K., employing more than 5,000 people. It plans to move both toward majority and then 100% EV production as it rolls out electrification across its brands. "If the cost of EV manufacturing in the U.K. becomes uncompetitive and unsustainable, operations will close," it said, citing previous decisions by BMW Group to relocate electric Mini production to China, and investments by Honda in EV production in the U.S. following the closure of its U.K. site. However, they will become progressively stricter in the coming years, rising to 45% and then 65% in terms of required domestic production. The company warned the U.K. does not have a sufficient supply of the materials needed to support vehicle battery production.

☆ Stellantis: Brexit deal must change or UK car factories will close
▼ + stars: | 2023-05-17 | by ( ) edition.cnn.com time to read: +3 min

British car factories will be forced to close with the loss of thousands of jobs if the government does not renegotiate its Brexit trade deal immediately, automaker Stellantis warned on Wednesday. “If the cost of EV manufacturing in the UK becomes uncompetitive and unsustainable, operations will close,” Stellantis said in a submission to a House of Commons committee examining the prospects for Britain’s electric vehicle industry. It’s 800,000 jobs in the UK, which is basically those jobs associated with the car industry,” said Palmer, who is also chairman of European battery manufacturer InoBat. Britain has drawn electric vehicle investment from Nissan (NSANF) and Ford (F), while other big players are still weighing up where to invest. Stellantis had announced a 100 million pound ($126 million) electric vehicle investment in its Ellesmere Port site in 2021.

☆ Change Brexit deal or watch factories close, carmaker Stellantis warns
▼ + stars: | 2023-05-16 | by ( Kate Holton | ) www.reuters.com time to read: +3 min

May 16 (Reuters) - British car factories will be forced to close with the loss of thousands of jobs if the government does not renegotiate its Brexit deal immediately, automaker Stellantis (STLAM.MI) warned on Wednesday. "Manufacturers will not continue to invest and (instead will) relocate manufacturing operations outside of UK, as seen with previously established UK manufacturers such as Ford and Mini." Under the trade deal agreed when Britain left the bloc, 45% of the value of an electric vehicle must come from Britain or the EU from 2024 to avoid tariffs. "If you don't have a battery capability in the UK, then those car manufacturers will move to mainland Europe." Britain has drawn electric vehicle investment from Nissan and Ford, while other big players are still weighing up where to invest.

☆ Stellantis says UK needs to change Brexit deal -BBC
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

Companies Stellantis NV FollowMay 16 (Reuters) - Stellantis (STLAM.MI), one of the world's biggest automakers, has said that UK needs to renegotiate parts of its Brexit deal or risk losing parts of its car industry, the BBC reported on Tuesday. The carmaker urged the government to reach an agreement with the European Union about keeping the current rules till 2027, or else "trade between the UK and EU would be subject to 10% tariffs," BBC quoted Stellantis as saying. Stellantis said its UK investments were based on meeting the strict terms of the post-Brexit free trade deal, citing a submission to a Commons inquiry into electric car production, said the report without mentioning when the statements were made. Under the trade deal, starting 2024, 45% of the value of EVs should originate in the EU or UK to qualify for trade without tariffs, the BBC said. Stellantis' submission says that uncompetitive electric vehicle costs will mean "manufacturers will not continue to invest" and will "relocate manufacturing operations outside of the UK", the report said.

☆ Auto giants are setting their sights on a new growth market for EVs: India
▼ + stars: | 2023-05-04 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

When it comes to electric cars, however, the country is playing a game of catch up. During a recent interview with CNBC's Charlotte Reed, Thierry Koskas accepted that the market in India was "just starting." Citroën India, which launched the fully electric ë-C3 in Feb. 2023, is not alone when it comes to making a move in India's nascent electric car sector. According to the IEA, Tata was responsible for more than 85% of battery electric vehicle sales within India last year. Other Indian firms jostling for position in the sector include Mahindra and Mahindra and Ola Electric.

☆ Citroën Brand CEO: India could be 'absolutely perfect' for electric vehicles
▼ + stars: | 2023-04-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCitroën Brand CEO: India could be 'absolutely perfect' for electric vehiclesThierry Koskas, the CEO of Citroën Brand, speaks to CNBC's Charlotte Reed.

☆ Lack of electric vans opens door for Chinese, other EV makers
▼ + stars: | 2023-04-13 | by ( Nick Carey | ) www.reuters.com time to read: +7 min

[1/3] Tristan Thomas, CEO of Packfleet, demonstrates charging an electric van made by Chinese brand Maxus at the fully-electric package delivery firm's headquarters in London, Britain, October 27, 2022. Packfleet grew tenfold in 2022 and CEO Tristan Thomas said most of the company's 53-vehicle fleet are Maxus vans. SAIC said it sold 18,000 mostly electric Maxus brand vehicles in Western Europe and Scandinavia last year, including buses and pickup trucks. Fleet manager Sean Clifton has 50 additional Ford vans and 20 Maxus vans on order, but will need more soon as Asda electrifies its 1,300 delivery vans. There is no difference in delays for conventional and electric vans at Renault, said commercial vehicle marketing director John Cleworth.

☆ A student used ChatGPT to get out of a $75 parking fine she felt she shouldn't have been issued
▼ + stars: | 2023-04-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A student used AI to write a letter to her council to contest a parking fine. She felt she'd been wrongly fined and wanted to save time by using ChatGPT to write the letter. Generative AI platforms like ChatGPT are also being used to write news articles and novels. Generative AI platforms like these have been used to write news articles, shopping lists, code, and even novels. Houlton said wouldn't use ChatGPT to write assessments because it's not always accurate and universities are cracking down on AI-generated text.

☆ Stellantis' Portugal plant to produce large series fully battery electric compact vans
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

March 31 (Reuters) - Carmaker Stellantis NV (STLAM.MI) said on Friday its Portugal plant would become the first assembly plant in the country to produce large series fully battery electric compact vans by 2025. Stellantis's Mangualde Production Center, which has made over 1.5 million vehicles, will produce battery electric light commercial vehicles for Citroën, Fiat, OPEL and Peugeot, the company said in a statement. Stellantis, the world's third-largest automotive group by sales, planned to spend over 30 billion euros ($32.53 billion) through 2025 to electrify its vehicle lineup and boost its software content to catch up with rivals, including Tesla Inc (TSLA.O). Stellantis was created through the $52 billion merger of Fiat Chrysler and Peugeot maker PSA in 2021. ($1 = 0.9223 euros)Reporting by Chandni Shah and Maria Ponnezhath in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Ford and GM follow Tesla's lead and wade into China price war by offering big discounts to boost sales, report says
▼ + stars: | 2023-03-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Ford and GM are among dozens of carmakers offering deep discounts on cars in China to boost sales. Tesla was among the first to slash its prices after China ended its electric vehicle subsidies. Tesla was one of the first carmakers to cut prices in the US and Europe as well as China. In January it cut US prices of the Model 3 sedan by 14% and Model Y by 20%. It then lowered prices this month on the Model S sedan by $5,000 and its Model X by $10,000.

☆ Volkswagen joins China price war as new emissions rule looms
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

Guangzhou Automobile Group, the Chinese partner of both Honda Motor Co Ltd and Toyota Motor Corp (7203.T), has also offered subsidies running from March 15 to March 31. Chinese passenger vehicle sales fell 20% in January-February, industry data showed, even as some manufacturers offered reduced prices to stimulate demand. Sales of new energy vehicles, which include all-battery and plug-in battery-petrol hybrid vehicles, grew faster than the overall market, accounting for over 30% in February. In the same month, Chinese electric vehicle maker BYD Co Ltd (002594.SZ) outsold Volkswagen-branded cars for the second month in four. ($1 = 6.8923 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Editing by Himani Sarkar and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Ford, GM Engage in China Price War as Car Sales Slump
▼ + stars: | 2023-03-17 | by ( Selina Cheng | ) www.wsj.com time to read: 1 min

Ford has cut about $6,000 off its Mustang Mach-E until the end of April, according to online sales promotions. HONG KONG—Auto makers and dealerships in China are slashing prices after the lifting of pandemic controls failed to reverse slumping demand in the world’s largest car market. Companies including Ford Motor Co., BMW Group and Volkswagen AG are offering deep discounts and promotions on electric vehicles after China phased out its nationwide subsidies for EVs. Others including General Motors Co. and the maker of Citroën are slashing prices on their gas-powered cars.

☆ Stellantis in talks to assemble electric cars in Spain, Cinco Dias reports
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: 1 min

MADRID, March 13 (Reuters) - Stellantis (STLAM.MI) is in talks with the Spanish government regarding the production of small electric vehicles in the country, newspaper Cinco Dias reported on Monday citing unidentified sources at the Industry Ministry and the carmaker. The company is negotiating with the government conditions of state aid to be granted to the project, the newspaper said. A ministry spokesperson was not immediately able to comment and Stellantis did not immediately respond to a request for comment. Stellantis has plants in the cities of Madrid, Vigo and Zaragoza where it assembles Opel, Citroen and Peugeot cars. Reporting by Inti Landauro; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Stellantis invests $155 mln in Argentine copper mine
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

ROME, Feb 27 (Reuters) - Carmaker Stellantis said on Monday it had invested $155 million to buy a minority stake in a copper mine in Argentina as part of its global push to secure raw materials for electric vehicle batteries. The company acquired a 14.2% stake in McEwen Copper, a subsidiary of Canada's McEwen Mining (MUX.TO), which owns the Los Azules project in Argentina. The $155-million investment will make Stellantis the second-largest shareholder in McEwen Copper along with Rio Tinto (RIO.AX), it said in a statement. The group wants 100% of its European passenger car sales and 50% of its U.S. passenger car and light-duty truck sales to be battery electric vehicles by 2030. In recent months, Stellantis has struck a series of accords to procure raw materials for electric batteries, including last month's nickel sulphate supply deal with Finland's Terrafame.

Some elements of the Jeep joint venture's failure are particular to Stellantis - and the former car groups that feature among its 14 brands. But data compiled for Reuters by consultancy LMC Automotive expose a problem shared by a number of other global carmakers: plummeting Chinese plant usage. Reuters GraphicsThe Jeep failure in China happened less than two years after Stellantis was formed by the merger of PSA and Fiat Chrysler. "Chinese companies actually have an early mover advantage because they embraced electrification faster than the foreign companies were willing to," he added. While fully-electric cars make up an average of 5% of models foreign carmakers sell in China, they account for 30% of Chinese carmakers' models, according to LMC data.

☆ Stellantis looks to India for affordable EVs for Europe
▼ + stars: | 2022-11-24 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

NEW DELHI, Nov 24 (Reuters) - Fiat parent Stellantis (STLA.MI) has concluded it can't currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. "So far, Europe is unable to make affordable EVs. Stellantis is investing heavily in EVs and plans to produce dozens in the coming decade, but Tavares warned last month that affordable battery EVs were between five and six years away. The power that is best placed to leverage this opportunity is obviously India," Tavares said. The carmaker plans to launch its first EV in India - an electric model of its Citroen C3 compact car - early next year.

☆ Stellantis looks to India for affordable EVs for Europe amid competition from China
▼ + stars: | 2022-11-24 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

NEW DELHI, Nov 24 (Reuters) - Fiat parent Stellantis (STLA.MI) has concluded it can't currently make affordable electric vehicles in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. "So far, Europe is unable to make affordable EVs. The power that is best placed to leverage this opportunity is obviously India," Tavares said. Stellantis already makes its own electric motors and battery packs, and also has plans to make battery cells. In India, too, Tavares wants to locally procure EV components, including batteries so it can be competitive on cost and price.

☆ A couple spent $40,000 to convert a van into a luxury tiny home where they live and work while traveling the world — see inside
▼ + stars: | 2022-11-22 | by ( Lisa Dittrich | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +5 min

Jan and Marie Koza are a couple who spent 60,000 euros buying and converting a Citroën Jumper van. They now live, work, and travel the world in the van, aiming to spend 1,000 euros a month each. "We paid 20,105.38 euros for it, which included the registration fee and some other little things," Marie told Insider. They spend most of their money on gas and provisionsIn the Canary Islands, the couple spent 173.03 euros on gas and 870.39 euros on provisions each month, they said. In total, the couple said they spent 2,621.16 euros in the Canary Islands on "variable costs," including tolls and ferry fare.

☆ Stellantis debuts pure-electric Jeep, pledges new target on energy self-sufficiency
▼ + stars: | 2022-10-17 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

The CEO of Stellantis told CNBC Monday that the company would use its own sites to generate half the energy it needs for manufacturing by the middle of this decade. According to Stellantis, the Jeep Avenger's "targeted electric range" is 400 kilometers, or a little under 249 miles. Stellantis wants all passenger sales in Europe to be battery electric by the year 2030. Stellantis' electric vehicle plans put it in competition with firms such as Elon Musk's Tesla as well as companies like Volkswagen , Ford , and GM . According to the International Energy Agency, electric vehicle sales are on course to hit an all-time high this year.

☆ Stellantis signs framework deal for Fiat vehicle production in Algeria
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 13 (Reuters) - Carmaker Stellantis said on Thursday it had signed a framework agreement with Algeria to develop activities of its Fiat brand in the county, including for local production of vehicles. The deal covers a project for the development in Algeria of industrial, after-sales and spare parts activities for Fiat, as well as the development of the automotive sector in the country, Stellantis said in a statement, after signing the agreement with the director of cooperation of Algeria's industry ministry. The world's fourth-largest carmaker, which houses brands including Peugeot, Citroen, Alfa Romeo, Jeep and Opel, did not provide further details about the activities it will start under the agreement. "The quality of the ongoing discussions makes us confident about the development prospects of the Fiat brand, which will be keen to meet the expectations of Algerian customers," Stellantis CEO Carlos Tavares said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Stellantis opens software hub in India to support digital strategy
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

MILAN, Oct 12 (Reuters) - Carmaker Stellantis (STLA.MI) said on Wednesday it had inaugurated a new software hub in Bengaluru, India, its second innovation centre in the country, focusing on cockpit and driver assistance technologies. Stellantis aims to generate 20 billion euros ($19.4 billion) in additional annual revenues by 2030 from its software-driven strategy. It will house laboratories including a next-generation acoustic one, developing specific audio signatures as well as premium audio experiences for Stellantis vehicle owners. read moreStellantis, the world's fourth largest carmaker, is present in the Indian market with its Jeep and Citroen brands. ($1 = 1.0305 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Auto giant Stellantis looks to Australian materials, including nickel, for its EVs
▼ + stars: | 2022-10-11 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

In this article STLA Follow your favorite stocks CREATE FREE ACCOUNTThis image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Benjamin Girette | Bloomberg | Getty ImagesStellantis is turning to Australia as it looks to procure the materials needed for its electric vehicle strategy in the years ahead. "Securing the raw material sources and battery supply will strengthen Stellantis' value chain for electric vehicle battery production," Maxime Picat, chief purchasing and supply chain officer at Stellantis, said. Stellantis' electric vehicle plans put it in competition with firms such as Elon Musk's Tesla as well as companies like Volkswagen , Ford and GM . According to the International Energy Agency, electric vehicle sales are on course to hit an all-time high this year.

☆ Stellantis, GME Resources seal nickel and cobalt deal for battery production
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +2 min

PARIS, Oct 10 (Reuters) - Carmaker Stellantis (STLA.MI) has signed a non-binding preliminary agreement with GME Resources (GME.AX) to secure supplies of nickel and cobalt sulphate for electric vehicle (EV) batteries, the two companies said on Monday. read moreEarlier this year the Franco-Italian group signed a lithium supply agreement with developer Vulcan Energy Resources (VUL.AX) and said it would invest 50 million euros ($48.6 million)to buy an 8% stake in it. read moreRegister now for FREE unlimited access to Reuters.com RegisterStellantis and the GME mining company said in a statement on Monday that the memorandum "represents the first step toward a potential long-term partnership,". The supply will come from a nickel and cobalt advanced mining project in Western Australia called "NiWest", which GME is currently developing, with a planned production of around 90,000 tonnes per year of battery-grade nickel and cobalt sulphate. Stellantis Chief Purchasing and Supply Chain Officer Maxime Picat said that securing the raw material sources and battery supply would strengthen the group's value chain for EV production and support its decarbonisation target.

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