Stellantis, the world’s fourth largest automaker, said in June this year that if the price of electric vehicles does not drop, the auto market will collapse. And the Stellantis Group aims to reduce the manufacturing cost of electric vehicles by 40% by 2030.
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Automaker Stellantis plans to launch more electric vehicles to meet the massive demand for electric vehicles, Bloomberg reported yesterday, a source familiar with the matter said. Therefore, Stellantis Group is considering converting its plant in Mexico to produce hybrid and pure electric vehicles.
The source said Stellantis plans to revamp its factory in Saltillo, an industrial city in northern Mexico, about 200 miles from the U.S. border with Texas. In addition, Stellantis Group is also considering investing in a factory in the Mexican state of Mexico, with an investment amount of “billions” of dollars, and the plan may be implemented in the next few years.
Moreover, the Stellantis Group announced its first-half 2022 results on July 28. The results show that its net revenue in the first half of 2022 reached 88 billion euros, a year-on-year increase of 17%. In addition, the global sales of pure electric vehicles of the Stellantis Group increased by nearly 50% year-on-year, with 136,000 units sold. The Stellantis Group currently offers 20 pure electric models, with another 28 new pure electric models to be launched by 2024.
