Stellantis is accelerating in an electric car. During the annual meeting of shareholders President John Elkann it was very clear. One of the goals of the Automotive Group is achieve leadership in battery electric vehiclesan industry that recorded a 41% year-on-year sales growth in Europe.
Another key element of our decarburization work is our leadership in battery electric vehicles, where we recorded a 41% year-on-year sales growth in Europe.
To date, the Group has 23 electric models already on the market with some new models such as the Ram 1500 REV which was recently introduced. By the end of 2024, the Group expects there will be 47 electric vehicles on the market. By 2030, the goal is to reach 75.
We already have 23 EV models on the market and iconic new products like the Ram 1500 REV that Carlos unveiled last week at the New York Auto Show. By the end of next year, we will have 47 electric vehicles for our customers. And by the end of the decade, we will have 75 electric vehicles available worldwide.
Of course, Stellantis is not only working on its electrification program. Automotive group, in fact, gradually expanding and strengthening its presence also in other markets. Most recently, for example, we saw the Group open a new plant in South Africa.
In addition to Europe and North America, where we have our roots, we also aim to build what we call our “Third Engine”. This “Third Engine” consists of South America, Africa, the Middle East, India, and Asia Pacific. Here are just a few of the steps we have taken to move forward in these regions: We have announced we have doubled our production capacity in Morocco; we aim to develop and strengthen our industrial business in India; we retained market leadership in Brazil, Argentina and Chile; And earlier this year, we announced the expansion of our business in Turkey with Tofas.
Speaking about the results of 2022, a very difficult year for the automotive sector, John Elkann stressed that the Group has achieved good financial results.
We are among the top three in our sector in terms of revenue and margins and ranked first in absolute operating income of 23.2 billion euros. I am proud of how Carlos, the leadership team and their colleagues have achieved great results this year, handling turbulence with creativity and resilience.
The meeting of shareholders approved the payment of dividends in the amount of 4.2 billion euros on ordinary shares.
The proposed distribution entails a payment to the holders of ordinary shares of EUR 1.34 per ordinary share outstanding. Shareholders holding common shares listed on the NYSE will receive US$1.463548 per common share at the official US dollar/euro exchange rate set by the European Central Bank as of April 12, 2023.
Source: HD Motori
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