Stellantis posts 'record' revenue, profits in first year as a company

MANILA: Stellantis posted what it called "record results" in its first year as a company in 2021. The records made by the automotive group included net revenues of €152 billion and a net profit of €13.4 billion, according to the company's release. 

Stellantis is a parent company comprised of carmakers such as Citroën, Fiat, Jeep, Maserati, and Peugeot. 

Among other achievements, the company credits its 2021 results to its global sales of low-emissions vehicles (LEVs), which reached 388,000 units and a number-one position for battery electric van sales in Europe.

In Europe and South America, Stellantis saw "leadership" in both EU30 markets and achieved its highest ever worldwide pickup sales with approximately one million vehicles sold.

In North America, the Jeep Wrangler 4xe was the bestselling plug-in hybrid electric vehicle for 2021.

In South America, Stellantis was the market leader in 2021 with 22.9% share, and was also the leader in commercial vehicles with a 30.9% market share.

In Europe, Stellantis was the market leader in commercial vehicles with 33.7% market share for 2021.

The Peugeot 208 was the number=one selling vehicle and the 2008 was number one in the B-SUV segment for 2021.

In Middle East and Africa, consolidated shipments were up 6%, while market share grew in most major markets year-on-year.

In India and Asia Pacific, the company is preparing to launch the all-new Citroën C3, developed and produced in India.

In China, Dongfeng Peugeot Citroën Automobile Co. Ltd (DPCA), more than doubled its annual sales volume of 2020 with 100,000 units sold. With this, Stellantis became the fourth-largest independent after market (IAM) parts distributor in China with sales growth of approximately 30% year on year.

Maserati global market share grew to 2.4%, with North America and China market share at 2.9% and 2.7%, respectively, for 2021.

At the same time, Stellantis also reveled its electrification and software plans. The company plans to investment more than €30 billion through 2025 and strong partnerships announced in battery technology, battery materials and software development, the release added. 

“Today’s record results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments," Stellantis CEO Carlos Tavares said. 

"Together, we are focused on executing our plans as we race to become a sustainable mobility tech company," he added. 

Photos from Jeep, Maserati, Peugeot

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