Stellantis posts strong growth again in the first half of 2023 and sets new records in net revenues, adjusted operational income (AOI), and net profit.

Net revenues of €98,4 billion are up 12% compared to H1 2022, primarily due to higher shipments. The adjusted operating income of €14,1 billion is up 11% compared to H1 2022, with a substantial 14,4% margin. The net profit grew even harder: €10,9 billion is up 37% compared to H1 2022.

Record results

These record results enable continued strategic investments to drive a sustainable road to Stellantis’ planned ‘Carbon Net Zero’ transformation. Global BEV sales are up 24%, and Stellantis ranked third in EU30 overall BEV sales.

In the US, Stellantis took second place for LEV sales (low-emission vehicles are BEVs, PHEVs, and FCEVs at Stellantis). The company repurchased €0,7 billion in shares in the first half of 2023 and expects to complete the announced €1,5 billion share buyback program before the end of 2023.

‘No-compromise’ transformation

“Our outstanding performance in the first half of this year supports our long-term sustainability and our ability to achieve the bold ambitions of our Dare Forward 2030 plan,” commented CEO Carlos Tavares. “It takes a united effort and open mindset across all our employees to embark on our no-compromise transformation journey while protecting the Company from external challenges.”

“I want to express my gratitude to every employee, and I am proud to say that the teams are delivering across multiple dimensions. We are well-positioned for the remainder of 2023 and beyond,” Tavares concluded.

According to the press release, Stellantis is on track to meet its ambitious commitment to reach carbon net zero by 2038, with single-digit percentage compensation of the remaining emissions.

The company also continues to build meaningful strategic partnerships to support its carbon net zero commitments, including the planned acquisition of a 33,3% stake in Symbio, a leader in zero-emission hydrogen mobility, and the commitment to establishing a joint venture with Galloo for end-of-life vehicle recycling.

Electrification

Marking the start of a new era of electrified products for Stellantis was the unveiling of STLA Medium, the first BEV-by-design global platform for vehicles in the C- and D- segments that deliver best-in-class range, energy efficiency, embedded power, and charging power.

In addition to inaugurating the ACC gigafactory in France, the company recently announced plans to build a second StarPlus Energy gigafactory in the US together with Samsung SDI.

Stellantis Ventures made 11 critical investments since its founding in March 2022, including breakthrough lithium-sulfur EV battery technology from Lyten Inc. that does not use nickel, cobalt, or manganese. The company is currently executing a multifaceted strategy to ensure supply security and drive innovation for critical components
necessary for the transition to a sustainable mobility tech company.

Announced in June 2023, SiliconAuto, the new joint venture with Foxconn, is dedicated to designing and selling a family of state-of-the-art automotive semiconductors starting in 2026.

Stellantis recently increased its strategic shareholding in Archer Aviation, and construction is now well underway on the world’s first high-volume eVTOL aircraft manufacturing facility in Georgia, US.