In 2023, Stellantis consolidated its position as a leading force in the global automobile sector. Particularly notable for its performance in the European market and strategic advances in electric vehicle (EV) technology. Despite the challenges it faced, the company achieved significant growth in a competitive environment and demonstrated its strategic foresight and resilience.
Stellantis closes 2023 with a record thanks to EV
In Europe, Stellantis reported a market share of 18.4% and a 5.9% increase in sales compared to the previous year. This growth was not limited to conventional vehicles; the company also made significant progress in the electric market, with a 14% year-on-year sales increase, particularly in the BEV segment.
Continuing its leadership in the commercial vehicle segment, Stellantis achieved a sales increase of 15%, holding a market share of over 30%. The plan to double all electric model offerings in Europe by the end of 2024 highlights the company’s ambition to expand its electric model offerings, in line with the Dare Forward 2030 strategic plan.
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Financially, Stellantis performed remarkably in 2023, shipping 1.4 million vehicle units, an 11% year-on-year increase and 7% year-on-year revenue growth. It also expects an operating profit of over $20 billion for 2023.
