Stellantis Bets Big on Electrification and Battery Technology

Published 1 days agoSTLA

Stellantis Bets Big on Electrification and Battery Technology

Stellantis is making a strong push into the electric vehicle (EV) market, positioning itself as a significant player in the industry. The company is set to invest over €50 billion in electrification over the next decade, with plans to launch more than 75 battery electric vehicle (BEV) models by 2030. This ambitious plan aligns with Stellantis' goal to capture a large share of the growing EV market as it transitions away from traditional combustion engine vehicles.

An important part of Stellantis' strategy involves strategic partnerships to boost battery production capacity. In December 2024, Stellantis, in collaboration with China's CATL, announced a €4.1 billion investment to construct a substantial EV battery plant in Zaragoza, Spain, with production anticipated to start by late 2026. Additionally, in October 2024, Spain granted a €133 million subsidy to Stellantis to support this initiative, as reported by Reuters. This move is part of Spain's larger effort to become a leading hub for car manufacturing in Europe.

Meanwhile, Stellantis is advancing its battery technology capabilities by investing in innovative solutions. In May 2023, the company invested in Lyten’s lithium-sulfur battery technology, known for its higher energy density and lower carbon footprint compared to standard lithium-ion batteries. Furthermore, Stellantis is developing four BEV-native platforms, with the STLA Large platform slated to launch eight vehicles across five brands by 2026. Despite recent financial hurdles, Stellantis remains optimistic about its future, expecting a return to revenue growth and positive cash flow in 2025, while maintaining an operating margin of approximately 5.5%.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Robinhood Acquires Canadian Crypto Firm WonderFi for C$250 Million

Robinhood Acquires Canadian Crypto Firm WonderFi for C$250 Million

4 minutes agoHOOD

Robinhood has announced its acquisition of Canadian cryptocurrency firm WonderFi Technologies for C$250 million, equivalent to about $179 million. This all-cash deal, as reported by Reuters, represents a 41% premium over WonderFi's last closing price. The acquisition underscores Robinhood's strategic focus on expanding its presence in the international and cryptocurrency markets. WonderFi owns prominent Canadian crypto exchanges Bitbuy and Coinsquare, which saw trading volumes exceed C$3.57 billion in the fiscal year 2024, reflecting a 28% year-over-year increase. Robinhood plans to integrate WonderFi’s entire team into its operations in Canada, where it already employs more than 140 people. This acquisition is part of a broader increase in cryptocurrency sector mergers and acquisitions, including notable deals like Coinbase's $2.9 billion purchase of Deribit and Ripple's $1.25 billion acquisition of Hidden Road. These activities highlight a resurgence in the crypto sector under President Donald Trump's administration.

First Solar's Stock Sees Upgrade from Citi Amid Easing Pricing Concerns

First Solar's Stock Sees Upgrade from Citi Amid Easing Pricing Concerns

20 minutes agoFSLR

First Solar recently received a stock upgrade from Citi, which raised its rating from Neutral to Buy. Accompanying this upgrade, Citi also increased the price target for the company to $254. This decision was influenced by easing concerns about module pricing, providing a positive outlook for First Solar's market performance. As of May 13, 2025, there has been no additional significant public analyst upgrade in response to a recent House budget proposal. The focus remains on Citi's October 2024 upgrade as an impactful development for First Solar, highlighting the bank's confidence in the company amid changing market conditions. Investors and analysts continue monitoring developments in the renewable energy sector. First Solar, a prominent player in this space, benefits from analysts' focus on pricing strategies and market adaptability. Keeping an eye on financial news outlets and company announcements can provide further insights into First Solar's performance and strategy.

Spirit Airlines Launches Premium Travel Offerings

Spirit Airlines Launches Premium Travel Offerings

35 minutes agoSAVE

Spirit Airlines is set to enhance its customer experience with the introduction of new premium travel options. Beginning August 16, 2024, the airline will roll out four new fare types: Go Big, Go Comfy, Go Savvy, and Go. Each fare level offers varying amenities, from extra legroom and snacks in the Go Big option to standard seats at an affordable price in the Go fare. Notably, the new Go Big fare includes access to the fastest Wi-Fi among U.S.-based airlines, alongside other benefits like priority boarding and complimentary drinks. The airline is also improving its customer service features with the initiation of a priority check-in experience starting August 27, 2024, for Go Big fare passengers and others holding specific membership statuses. This new perk will be available at over 20 major airports, such as Atlanta and Los Angeles. Additionally, Spirit is revamping its boarding process by introducing a five-group boarding system, aiming to streamline the time it takes passengers to board. Reuters reported that priority boarding will be available for select fare types, loyalty program members, and active-duty military service members. These upgrades mark a significant shift in strategy for Spirit Airlines, traditionally associated with budget travel, as it seeks to cater to travelers looking for more comfort and a smoother travel experience. In line with this transition, all fare options will eliminate any change or cancellation fees, offering travelers greater flexibility. Spirit's move to introduce these premium options suggests a broader industry trend among budget airlines towards capturing the premium passenger market.

Hudson Global Pushes Digital and Regional Expansion

Hudson Global Pushes Digital and Regional Expansion

50 minutes agoHSON

Hudson Global has announced significant strides in its strategy for digital growth and regional expansion, responding effectively to challenges in the industry. Notably, in February 2025, the company introduced a Digital Division by appointing Stephanie Edwards as Chief Digital Officer and Global Head of Enterprise Solutions, a step aimed at enhancing their digital capabilities. The company's regional growth strategies also include two key acquisitions. In March 2024, Hudson RPO acquired Executive Solutions in Dubai to fortify its presence in the Middle East, particularly in the UAE market. Earlier, in November 2023, it expanded into Southeast Asia with the acquisition of Hudson Singapore, according to reports from Hudson RPO. In addition to these developments, Hudson Australia achieved national recognition in the AFR Digital Transformation Leaders Awards. This accolade underscores the company's effective shift toward becoming a technology-driven service business. As these efforts roll out, Hudson Global continues to cement its positioning as a forward-thinking entity in the recruitment landscape.