Stellantis considering investing Billions in Mexico to produce EVs

Stellantis reports growth in the EU electrified market

Credit: Stellantis

Stellantis reported significant growth in the European (EU) electrified market during the first four months of 2024. 

“Our first months’ results reflect the tough industry competition, in absence of incentives in many significant European markets. 

“We are leading the transition to electrification in many of our key countries and our commercial vehicle offer remains unrivaled. Strong sales trend, a robust order backlog, and improving order intake suggest a positive impact also in the second quarter. With the launch of over 25 new made in Europe models across all brands, we anticipate further momentum throughout the year,” said Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe. 

Stellantis reported over +6% year-over-year in the BEV market across 10 major markets in Europe, including France, Portugal, and Poland. The European automaker captured 14.1% YTD market share in the EU29.

Stellantis has been continuously collaborating and investing in electric vehicle production within Europe recently. 

In January 2024, Stellantis Venture invested in France-based Tiamat to develop its developing and commercializing sodium-ion battery technology. The European automaker is exploring different battery technologies as it transitions to battery electric vehicle (BEVs) sales. It is also considering a partnership with CATL from China. 

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Stellantis reports growth in the EU electrified market
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