Stellantis STLA disclosed an investment of around €5.6 billion (R$30 billion) from 2025 to 2030 in the South American region, marking the largest investment in the Brazilian and South American automotive industry.
The investments are projected to support the launch of over 40 new products and the development of new Bio-Hybrid and decarbonization technologies across the automotive supply chain.
Stellantis CEO Carlos Tavares said, “As a critical part of our ‘third engine’ growth strategy, South America will take a leading role in accelerating the decarbonization of mobility together with our employees, our supply chain network and our partners.”
Stellantis has a strong presence in three major markets of South America – Brazil, Argentina, and Chile. Last year, Stellantis’ total sales in the region surpassed 878,000 vehicles, with a 23.5% market share.
Also Read: Stellantis’ Leapmotor EV Venture Gains Chinese Approval: Report
Notably, as part of its Dare Forward 2030 strategic plan, Stellantis is investing over €50 billion in electrification over the next decade and is on track to becoming a carbon-net-zero corporation by 2038.
Last month, the company announced a significant deal with a leasing and fleet management company, Ayvens, which will facilitate the sale of up to 500,000 vehicles across Europe within the next three years.
Price Action: STLA shares are up 1.34% at $27.15 on the last check Wednesday.
Image via Stellantis official website
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