Stellantis NV (NYSE:STLA, EPA:STLA) has reported a sharp rise in first-half revenue and profit, supported by strong electric vehicle (EV) sales.
The automaker, whose models include the Jeep Wrangler 4xe, the Fiat New 500 and the Citroen Berlingo, shipped 3.33 million vehicles over the six months to June 30, 2023, up from 3.03 million a year earlier.
Global battery electrical vehicle (BEV) sales rose 24% year-over-year to 169,000 units, while sales of light electric vehicles (LEVs) jumped 28% to 315,000.
The company reported record revenue of €98.4 billion ($109 billion), up 12% from a year earlier, while net profit rose 37% to a record €10.9 billion.
“Our outstanding performance in the first half of of this year supports our long-term sustainability and our ability to achieve the bold ambitions of our Dare Forward 30 plan,” CEO Carlos Tavares said in a statement.
“We are well-positioned for the remainder of 2023 and beyond.”
The company’s NYSE-listed shares were up 2% at $18.88 shortly after the market opened in New York.
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