|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||14.80 - 14.80|
|52-week range||11.42 - 17.71|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||3.29|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight composites and on-board sensing solutions, the two companies said on Thursday. The investment, through Stellantis' venture capital arm Stellantis Ventures, aims to help the world's third largest carmaker by sales simplify its supply chain and pursue greener technology for its battery-electric vehicles (EVs). Unlike traditional lithium-ion batteries, lithium-sulfur batteries developed by Lyten do not use nickel, cobalt, or manganese, resulting in an estimated 60% lower carbon footprint than current batteries, the companies said in a statement.
European Union remained a top market with more than half of all exports to the region, while electric vehicle volumes were well over a third of total car output, the Society of Motor Manufacturers and Traders (SMMT) said. A total of 66,527 cars rolled out of factory gates last month, 5,973 more than in April last year, SMMT said, logging the third consecutive month of production growth.
WASHINGTON (Reuters) -Chrysler-parent Stellantis said on Wednesday it may limit shipments of gasoline-powered vehicles to dealers in states that have adopted California's strict emissions rules. In a communication to dealers seen by Reuters, the Italian-American automaker said to meet the California emissions rules "we may be compelled to allocate fewer conventional gasoline engine vehicles to California states" and more to other states that have not adopted the rules. The Stellantis memo noted 13 other states currently have greenhouse standards identical to the California standards and four more will be adopting California standards for future model years.
Britain is set to beat Spain in the race to host Jaguar Land Rover’s gigafactory, handing a significant boost to the UK auto industry.
As the end of Succession nears, another billionaire power struggle is playing out in Italy.
Li Auto, Stellantis, General Motors, Lightning eMotors and Canoo are included in this Analyst Blog.
The consensus price target hints at a 29.2% upside potential for Stellantis (STLA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Investing.com - Stellantis (NYSE:STLA) can offer a 7% premium compared to current prices according to Bernstein analysts, who have a Market Perform rating on the Italian-French automaker with a target price of 17 euros.
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: a Stellantis stalemate; Musk signals openness to advertising; NIO goes nuclear; a new EV tax in Texas.
As carmakers warn that London must renegotiate its deal with Brussels, a lack of government policy is also plaguing the sector
The owner of Jaguar Land Rover is pressing Madrid to increase a €350m (£300m) subsidy offer as it prepares to announce whether its new battery gigafactory will be built in Spain or Britain.
The Toyota Tacoma, the mid-size pickup king here in the US, is getting a total redesign and will be all new for the 2024 model year. The current-gen Tacoma, which has been out since 2015 and very similar to its predecessor that debuted in 2003, is nearly 20 years old - an astoundingly long period in an automotive world where cars and trucks are generally given a 7-year lifecycle. The fact that the Tacoma was so popular for so long is a testament to its strength in the segment.
TORONTO (Reuters) -The Ontario government on Friday offered to increase financial support for carmaker Stellantis's battery plant in the province, a move Canada's industry minister proclaimed a sign of progress in ending a stalemate over the stalled project. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant in Canada, which is being built in partnership with South Korea's LG Energy Solution (LGES), saying Canada had not fulfilled promises. Stellantis and LGES announced their battery plant investment in March last year, but tensions emerged when the United States in August passed the Inflation Reduction Act (IRA), a massive package of clean-tech incentives for companies.
State subsidies and industry backing pull in foreign investment as country creates ‘Battery Valley’
A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the best known of Italy's business dynasties. The case stems from the estate of Gianni Agnelli, the celebrated Fiat boss who was a symbol of Italy's post-war economic boom and died two decades ago. It pits Agnelli's daughter Margherita, who inherited 1.2 billion euros ($1.3 billion), against three of her eight children including her eldest, John Elkann, the chairman of Ferrari and carmaker Stellantis.
New data from enthusiast motor magazine, TV network, and car shopping site MotorTrend finds that electric vehicles are hot on their users’ buying lists. And one upcoming EV pickup truck could be the most polarizing.
PM’s comments come after Germany’s automotive industry joined calls for extension to trade deadline
World’s fourth biggest carmaker threatens to move production to US unless government matches incentives offered to Volkswagen
Also in this newsletter, Stellantis’s post-Brexit woes offer way of thinking about EU-UK relations under a Starmer-led government
Jeremy Hunt has warned that Britain’s businesses face a creativity crisis unless working from the office once again becomes the “default”
European car makers are demanding a delay to the introduction of post-Brexit tariffs on electric vehicles amid fears that the plans threaten the switch to net zero.
Stellantis may be premature in saying Brexit deal will force closures, but government needs a serious policy
Also in this newsletter: global warming fears, UK ‘in wage price spiral’, building your personal brand
Carmakers call on Britain to change rules on batteries that they say threaten electric vehicle production