Stellantis Considering Spain To Assemble Electric Cars: Report - Stellantis (NYSE:STLA)

  • Stellantis NV STLA is reportedly holding talks with the government of Spain to explore the possibility of producing small electric vehicles.
  • The automaker is discussing the conditions of state aid for the project, reported Reuters.
  • Stellantis has plants in Madrid, Vigo, and Zaragoza where it assembles Opel, Citroen, and Peugeot cars.
  • Last week Stellantis said its Cassino Assembly Plant in Italy would produce vehicles based on the flexible, BEV-centric STLA Large platform.
  • Stellantis is investing more than €30 billion through 2025 in electrification and software to deliver BEVs.
  • The company reported an 18% increase in FY22 revenue and a 26% jump in net profit.
  • Price Action: STLA shares are trading lower by 2.05% at $17.24 in premarket on the last check Monday.
  • Photo Via Company

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