Stellantis Statistics: Stellantis N.V., a world-leading automaker, and mobility provider, offers safe, affordable, connected, and reliable mobility solutions. Their strength lies in their portfolio of brands, their passion for their people, and the deep roots in their communities. The company’s visionary software and electrification strategies as well the creation and maintenance of a network of innovative, strategic partnerships are key to Stellantis N.V.’s transformation into a sustainable tech company.
As they embrace electric, connected, autonomous driving, and shared ownership, the brand portfolio is uniquely placed to provide innovative and sustainable solutions for customers in the new era. The company’s 14 automotive brands are the result of visionaries who brought passion and competitiveness to their creations. Stellantis N.V. offers a range of premium, luxury, and mainstream passenger vehicle options, as well as pickup trucks, commercial vehicles, SUVs, and other vehicles. They are supported by two mobility brands as well as parts and service and financial brands.
The company is driven by a talented and diverse group of women and men around the world who each day bring their passions to their work. While the company operates globally, they are still deeply rooted within the communities where they work and live. Stellantis N.V. operates in almost 30 countries and is able to exceed the needs of its customers in more than 130 markets. It also creates superior value for all involved.
The Merger of Group PSA and FCA
- FCA and PSA reached a combined agreement, which allowed for the combination between FCA and PSA called Stellantis N.V. on December 17, 2019.
- FCA and PSA negotiated a modification to the combination agreement on September 14, 2020. Following approval of the Stellantis board members and shareholders, the combined agreement amendment reduces the FCA Extraordinary dividend to US$ 3,434 million. The 46% PSA stake in Faurecia would be distributed to all Stellantis shareholders immediately after closing.
- PSA and FCA had their respective extraordinary general shareholder meetings on January 4, 2021, to approve the merger transaction. The merger was approved at the respective shareholder meetings. FCA and PSA completed the legal merger after the approvals of the shareholders and receipts of final regulatory clearances. Stellantis will not experience any material changes in its cash flow or financial position due to the regulatory clearance conditions.
- The Stellantis Board of Directors was established on January 17, 2021. Stellantis’ articles of association were made effective. Stellantis was then renamed “Stellantis N.V.”. This date saw the collective power and ability of the Stellantis management to control assets, liabilities, operations, and finances of PSA as well as the FCA and PSA. According to IFRS3, January 17, 2021, is the acquisition date.
- Stellantis completed the distribution to holders of its common share of 53,130,574 ordinary Faurecia shares of Faurecia and US$ 361 million, which were the proceeds of the sale of Faurecia shares in November 2020. These amounts include cash and shares that are not being used to pay GM Warrants.
Research and Development
Stellantis will continue to invest in research and development activities, building on the legacy from both FCA/PSA. Stellantis is involved in research and developing activities that improve the performance, safety, and energy efficiency of its products. It also aims to address the challenges presented by the automotive industry. These include environmental and safety regulations as well as emerging mobility trends and connectivity.
Stellantis’s recent product development initiatives were mainly focused on the areas of mobility electrification and clean energies, autonomous driving, and connectivity technologies. Stellantis declared its intention to move to electrification by 2025 for all brands. It is shifting its research to include electrification, related technologies, autonomous technology, and vehicle connectivity. A significant amount of activity was also maintained with a focus on reducing vehicle energy demand, fuel consumption, emissions, and reliance on traditional technologies. Recent efforts to reduce emissions and fuel consumption have mainly focused on powertrain technologies. These include engines, electric propulsion, transmissions, hybrid, drivelines, alternative fuels, and transmission technology.
Locations
Africa: Algeria, Morocco, Namibia, Nigeria
Asia: Wuhan, Changsha, Chengdu, Guangzhou, Maharashtra, Telangana, Tamil Nadu, Tehran, Kashan, Malaysia, Turkey
Europe: Austria, France, Germany, Hungary, Italy, Poland, Portugal, Serbia, Slovakia, Spain, The UK, and Russia.
North America: Canada, Mexico, and The US.
South America: Argentina, Venezuela, and Brazil.
Strategic New Initiatives
Modular Vehicle Platforms
Stellantis N.V., a company that makes battery electric vehicles, announced in 2021 a platform strategy consisting of four platforms designed to satisfy all customer and market requirements. Each platform offers a high level of flexibility in terms of length and width as well as component sharing. These platforms include;
- STLA Small with a maximum BEV range of 500km/300 miles for ultra-compact cars
- STLA Medium with a maximum BEV range of 700 km/440 miles for compact to mid-size cars
- STLA Large with a maximum BEV range between 800 km/500 miles for mid-size to full-size vehicles.
- STLA Frame with a maximum BEV range between 800 km/500 miles for full-size SUVs or pick-up trucks.
Full-Electric Propulsion Systems
Stellantis N.V.’s electric powertrains were also announced in 2021. The strategy focused on flexibility and modularity as well as efficiency, which can be applied to all four platforms. The strategy includes a group of three electric drive modules, which combine the motor, inverter, and gearbox. Each module is designed to meet different performance requirements. EDMs can be set up for all-wheel drive, front-wheel drive, or rear-wheel drive. Programs of hardware upgrades and software updates over the air are expected to prolong the life cycle of propulsion systems and vehicles. Stellantis will develop internal software and controls to keep each brand’s distinctive characteristics.
Battery Cell Chemistry and Design
The research and development of battery technology continue. Stellantis vehicles are expected to be powered by two main chemistries. Both chemistries have been designed to be easily upgradeable with potential future developments like cost reductions and extended charging times.
Stellantis Enterprise Risk Management (ERM) Framework
ERM Governance Structure
The whole company is responsible for risk management. The Company has a robust risk management governance structure that involves many committees, regions, business functions, risk owners, and ERM. This allows them to manage business risks and devise the most effective strategies to reduce them. To promote proactive risk management throughout Stellantis, a Global Risk Management Committee has been established (GRMC). It is headed by the Head of HR & Transformation. Members include representatives from the legal and finance functions, as well as internal audit, risk management, and business functions. The GRMC guides the Company in its overall strategic Risk management decisions.
Strategy Setting and Risk Appetite
Stellantis N.V. governance committees, which are composed of senior management responsible to support risk governance, and ensuring alignment between strategy and business objectives. ERM is integrated into the strategic plan and business goals by the GRMC members of the governance committees. Stellantis governance committees work in concert with the Strategy Council to provide direction and guidance, approve and review the Global Enterprise Risk Assessment results, as well as accountability for managing significant risks. Stellantis N.V.’s strategy, as well as its risk appetite, is overseen and managed by the Board of Directors.
Enterprise Risk Assessment
Each year, the Enterprise Risk Assessment is done to identify and prioritize major risks based on their importance. It uses a bottom-up approach through interviews with representative business function managers. The likelihood, effect, and control effectiveness criteria are used to evaluate risk scenarios. The results of the assessment are combined on a risk map. These risk maps can then be compared with risk thresholds in order to determine priority and treatment methods. After the assessment, the risk map is reviewed by the executive leadership and presented to the Strategy Council. The final validation by Audit Committee follows.
Risk Mitigation and Monitoring
Major risks are given to Risk Owners who are responsible for deploying appropriate risk mitigation measures. The Strategy Council is informed about the ERM team’s progress in implementing mitigation steps.
Risk Management Integration and Culture Dissemination
The management draws on information from both external and internal sources to support enterprise risk management. ERM relies on the support and guidance of Compliance Champions to support the business in continuous risk management process improvements and promote a culture of proactively identifying, evaluating, and monitoring risks. They are responsible for updating the annual Risk Assessments of their departments and supervising the risk mitigation plans.
Statistics
Stellantis N.V. Net Revenue
Stellantis N.V. had total revenue of over US$ 169,202 million in 2021. This is a huge increase over the 2020 value of Stellantis, which saw a revenue record of US$ 58,533 million. It was recorded before the merger between Federal PSA Group and Fiat Chrysler Automobiles in January 2021.
Stellantis N.V. Net Revenue, by Region
Stellantis N.V.’s net revenue in North America was US$ 76,680 million or 46.3% of its total revenue for the fiscal year 2021. That year, the company earned US$ 169,202 million in net revenue.
Stellantis N.V. Regional Sales
Stellantis N.V. accounted for 47% of total European regional sales during the fiscal year 2021.
Stellantis N.V. Global Electric Vehicle Sales
Stellantis N.V. had just 388,024 worldwide plug-in electric vehicle sales in 2021. This was nearly double the number in 2020. Stellantis was created from the merger between the PSA Group & Fiat Chrysler Automobiles. It announced in July 2021 plans to invest in electrification, software, and infrastructure through 2025.
Stellantis N.V. R&D Expenditure
Stellantis N.V. spent just around US$ 5,081 million on research and development in the 2021 fiscal. This is an increase of nearly twice the 2020 value compared to prior mergers in which the PSA Group had spent more than US$ 2,500 million on research and development.
Stellantis N.V. Employee Volume
Stellantis’ total workforce was 281,595 in the fiscal year 2021. This is 17,284 less than 2020.
Recent Developments:
2022
- The company entered into a partnership agreement with Amazon to supply software solutions for Stellantis’ digital cabin platform, STLA SmartCockpit.
- The company invested in Factorial Energy in January.
- The company partnered with The Qt Company in February to develop HMI systems and other features for European car brands.
- Leasys began Plug & Drive in February with the subscription to Jeep Renegade, Compass 4xe Plug-In hybrid.
- Maserati, which announced plans to create an electric version for all models in 2025, made this announcement in March.
- Peugeot entered into a partnership agreement with Lucky Motor Corporation in March to start operations in Pakistan.
- The partnership between the company and LG Energy Solution was formed in March to set up an electric vehicle manufacturing facility in Windsor.
- Ram Truck announced in February the second phase of its built-to-serve trucks.
- The company unveiled Hurricane, a 3.0-liter, twin-turbo six-cylinder engine with inline and six-cylinders.
- The company released the Jeep Grand Cherokee L Limited Black Package in February.
- Free2move and Geotab announced their partnership to provide a Geotab Integrated Solution on Stellantis brand vehicles in North America.
- The company announced that in April, it signed binding agreements with Credit Agricole Consumer Finance, Santander Consumer Finance, and BNP Paribas Personal Finance. This agreement will allow the company to better organize its current European financial services platform.
- Jeep brand launched three new SUVs in India in February.
- In April, the company announced a new strategy for improving outcomes for customers and in markets across the UK.
- The CEA and the company collaborated in April on digital modeling batteries.
- The company launched Jeep Meridian in March.
- In April, the company declared its intention to consolidate its China auto finance services (AFS) into a wholly-owned auto finance company (AFC). The company also announced plans to sell its stake at DPCAFC.
- The company entered into a partnership agreement with Qualcomm Technologies to deliver customized and intelligent in-vehicle experiences across 14 Stellantis automotive brands.
- At the 2022 New York International Auto Show, the Jeep Brand’s Grand Cherokee High Altitude is unveiled in April.
- In April, the company stopped manufacturing in Russia.
- BNP Paribas and the Company announced that in April, they would close a framework agreement as the exclusive partner of their captive in Germany and Austria.
- India’s Jeep brand introduced the all-new Compass Night Eagle Edition in April.
- In April, the company announced a joint venture with Samsung SDI to produce electric vehicle batteries.
- The company revealed plans to launch an electric Jeep in India in April.
