Stellantis earnings rise as electric vehicle sales expand

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Automaker Stellantis on Thursday reported higher earnings in the first half of 2022 compared with last year, pointing to a nearly 50 per cent increase in global sales of battery electric vehicles.

FILE - The Stellantis sign outside is shown on Jan. 19, 2021 at the Chrysler Technology Center in Auburn Hills, Mich. in the first half of 2022 compared with last year, pointing to a nearly 50% increase in global sales of battery electric vehicles.

Car shipments slipped 18% in Europe amid problems acquiring computer chips during a global shortage, with net revenue down 2% compared to the first half of 2021. But shipments rose 10% in North America, with net revenue up 31%. "In a demanding global context," CEO Carlos Tavares said, Stellantis is "delivering an outstanding performance and executing our bold electrification strategy."

A joint venture between Stellantis and Samsung plans to spend more than $2.5 billion to build an EV battery factory in Indiana for a range of vehicles produced at Stellantis' North American assembly plants.

 

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Would help also to fo something to recycle the batteries lije we are doing in Quebec

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