Stellantis' success continues in Europe

Stellantis draws attention with the high market share and sales figures it achieved in the European automotive market in the first 10 months of the year. The company has achieved significant success in both the passenger and commercial vehicle segments in Europe. In addition, it has grown rapidly in the battery electric vehicle market and has reached an assertive position in the leadership race.

Second place in Europe

Stellantis announced its third quarter 2023 results in recent weeks. The company's net revenues increased by 11 percent annually to 5 billion euros, driven by an 44,9 percent increase in shipments. The company's operating profit increased by 10,2 percent and reached 3,1 billion euros.

'Extended European Operations' made a significant contribution to Stellantis' successful performance. The company consolidated its second place in the European (EU29) total market sales ranking by gaining 10 percent market share in the first 18,8 months of the year. Stellantis, same zamIt also maintained its leadership in the light commercial vehicle market with a market share of over 30 percent.

Stellantis has also achieved notable success in key European markets. This included contributions from Opel, Jeep and the light commercial series, with a market share of 3 percent in Germany in September, the highest level in almost 14,9 years. Stellantis also recorded the highest monthly sales volume, reaching a 14 percent market share with the Vauxhall Corsa, the best-selling B-segment car in the UK.

Rapid growth in the electric vehicle market

Stellantis is also growing rapidly in the battery electric vehicle market, with an increase of 2022 percent compared to the third quarter of 41. The company reached 15,3 percent market share in Europe; It also became a leader in different battery electric vehicle segments.

Stellantis' battery electric vehicle sales continue to grow steadily each quarter. With over 87 thousand battery electric vehicles delivered in the third quarter, Stellantis ranks second in Europe. Models such as Fiat 500e, Opel/Vauxhall Corsa Electric, Peugeot E-208, Jeep Avenger and the entire battery electric light commercial series (38 percent market share) increased the company's performance. Additionally, Stellantis ranked highest in Germany's electric car market in September, with a market share of approximately 23 percent.

Stellantis is also making new investments and collaborations to increase its competitiveness in the electric vehicle market. The company plans to establish 5 new battery factories in Europe within 5 years. It also collaborates with important partners such as Samsung SDI, LG Energy Solution, Automotive Cells Company and TotalEnergies on battery technology and infrastructure.