Recently, Stellantis Group announced its full year financial results for 2023, with a net revenue of 189.5 billion euros, a year-on-year increase of 6%; Net profit of 18.6 billion euros, a year-on-year increase of 11%; Industrial free cash flow was 12.9 billion euros, a year-on-year increase of 19%. The sales of pure electric vehicles and low emission models increased by 21% and 27% year-on-year, respectively. Among them, the sales of plug-in hybrid models and low emission models ranked first and second in the US market, respectively.

To support the overall sales growth of the group and the electrification process in the North American market, the group will launch 18 pure electric vehicles in 2024, which will enable the group to have a total of 48 pure electric vehicles in the market by the end of 2024. The starting sales price of the all-new Citroen e-C3 model is 23300 euros, making it the most competitively priced B-class electric vehicle manufactured in Europe.

The group first launched the STLA Medium pure electric mid size vehicle platform among its four pure electric vehicle platforms in July 2023. The Peugeot E-3008 model is built on this platform and can achieve the best range of up to 700 kilometers among its peers. In January 2024, the group launched the "STLA Large Pure Electric Large Vehicle Platform" among the aforementioned series of platforms, which can achieve a range of 800 kilometers and exceed customer expectations. The STLA Large Large Vehicle Platform is a highly flexible native platform for pure electric vehicles, supporting future global models in the D and E segment markets, and capable of carrying powertrain systems including hybrid and traditional internal combustion engines.

Peugeot (imported) Peugeot 3008 New Energy (imported) 2023 E-3008

At the same time, the group has also ensured the supply of raw materials until 2027 and signed a supply agreement with Ningde Times for lithium iron phosphate battery cells and modules, further expanding the group's battery chemical composition.

Stellantis Group and Hon Hai Precision Industries Co., Ltd. (Foxconn) have established a 50:50 joint venture called "SiliconAuto", which will provide chip design and sales services to various new vehicle platforms in the automotive industry starting from 2026. In 2023, Stellantis Ventures, an enterprise venture capital fund under the Stellantis Group, invested in 6 startups and signed 49 commercial agreements with various types of startups.

The group has maintained sustained performance growth in the four integrated markets of the Middle East and Africa, South America, China, India, and Asia Pacific, excluding the European and North American markets. The overall net revenue of these four regions increased by 13% year-on-year in 2023. In the Chinese market, the group has invested approximately 1.5 billion euros in and holds approximately 21% of the shares of Zero Run Motors, which focuses on the electric vehicle sector, enabling Stellantis Group to support Zero Run Motors in the Chinese market