Stellantis is experiencing production stoppages at two plants in France due to semiconductor supply issues and will also halt operations at its Melfi plant in Italy. Despite these challenges, the company is targeting a 100% battery electric vehicle (BEV) sales mix in Europe and 50% in the U.S. by 2030. Stellantis has made a strategic €50 million investment in Vulcan Energy Resources to bolster its battery supply chain while aiming for net-zero carbon emissions by 2038. These developments coincide with a 1.90% drop in share prices, closing at $12.89.
“Stellantis · has production stoppages at · two auto plants in France · true”
“Stellantis · stated that · current stoppages at both plants · were related to bottlenecks in semiconductor supply”
“Stellantis · will stop operations at · its Melfi plant in southern Italy · true”
“Stellantis NV · made · equity investment in Vulcan Energy Resources Ltd · €50 million (A$76 million)”
“Stellantis NV · extended · binding offtake agreement · ten years”
“Stellantis · plans to reach · 100% of passenger car battery electric vehicle (BEV) sales mix in Europe by 2030”
“Stellantis · plans to reach · 50% of passenger car and light-duty truck BEV sales mix in the U.S. by 2030”
“STLA shares · closed lower by · percentage · 1.90%”
“STLA shares · closed at · price · $12.89”
“Stellantis · will build · stake in Australian start-up Vulcan Energy Resources · €50mn”
“Stellantis · seeks to extract · lithium from deposits in Germany”
“Stellantis · is · the first European carmaker to make a substantial direct investment in the extraction of raw materials for batteries”