Stellantis plans to launch Jeep electric SUV early next year

By AP News

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Automaker Stellantis is planning to have 50% of its U.S. sales and all of its European sales be from electric vehicles by the end of the decade.

Automaker Stellantis is planning to have 50% of its U.S. sales and all of its European sales be from electric vehicles by the end of the decade.

The company said Tuesday that it anticipates having more than 75 battery electric vehicles and global annual BEV sales of 5 million vehicles by 2030.

Stellantis says the Jeep brand will have its first fully electric SUV launching early next year and a new Ram 1500 BEV pickup truck will arrive in 2024.

The company aims to increase planned battery capacity by 140 gigawatt-hours to approximately 400 gigawatt-hours.

Last month Stellantis said that it made 13.4 billion euros ($15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group.

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Consumer Discretionary

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

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