Stellantis chief executive Carlos Tavares is targeting a “transformative journey” towards electrification in the US after revealing record 2022 financial results for the car manufacturing giant.
The OEM behind brands including Abarth, Alfa Romeo, Citroen, DS, Fiat, Jeep and Peugeot reported revenues up 18% to €179.6bn (£158bn) and net profit up 26% to €16.8bn – circa £14.8bn – in results revealed this morning (February 22).
Tavares attributed the record financial results to the “focused execution of the Dare Forward 2030 strategic plan”, asserting that it also demonstrated the effectiveness of Stellantis’ electrification strategy in Europe.
The OEM delivered a 41% increase in electric vehicle (EV) sales year-on-year, to 288,000 units and now has 23 EVs for sale globally.
That number is set to double to 47 by the end of 2024, it said, supporting the target to have more than 75 BEVs globally and global BEV sales of five million by 2030.
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