Stellantis earnings rise as its global electric car sales rise 50%
, said net revenue reached 88 billion euros , a 17% increase from the first half of last year. Net profit hit 8 billion euros, up 34%.
The world’s fourth-largest automaker said sales of low-emission and battery electric vehicles have been increasing, with the latter up by nearly 50% from last year to 136,000 units., with net revenue down 2% compared to the first half of 2021. But shipments rose 10% in North America, with net revenue up 31%.
Stellantis has plans to sell 5 million electric vehicles by 2030, with 50% of its North American passenger car and lightgoing fully electric by 2030. It plans to sell only electric passenger cars in Europe by 2030. “In a demanding global context," CEO Carlos Tavares said, Stellantis is “delivering an outstanding performance and executing our bold electrification strategy."
The automaker has stepped up investment in electric vehicles, with projects announced earlier this year in North America.for a range of vehicles produced at Stellantis’ North American assembly plants.
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