Stellantis Rides The Hybrid Wave: 30 Models To Electrify Europe By Year-End - Stellantis (NYSE:STLA)

　　StellantisN.V.STLA is rapidly responding to the rising demand for hybrid vehicles in Europe by planning to offer 30 hybrid models this year, with six more set to launch by 2026.

　　These hybrids aim to provide significant CO2 emissions cut and offering a more affordable alternative to fully electric and plug-in hybrid vehicles.

　　Stellantis saw a 41% increase in sales of EU30 hybrid models from January to May 2024 compared to the same period in 2023.

　　The company said it leads sales of low-emission vehicles in the EU30 for the A and B segments, as well as light commercial vehicles, and expects further growth with new model launches.

　　“This technology not only enhances the efficiency and performance of traditional combustion engines, it also propels us toward a future of lower emissions, extended vehicle range and overall affordability for our customers,” said Stellantis Chief Operating Officer, Enlarged Europe, Uwe Hochgeschurtz.

　　Upcoming Hybrid Models: Stellantis has a range of hybrid vehicles set for the European market this year, including the Alfa Romeo Junior and Tonale, Citroën C3 series, DS 3 and 4, Fiat Panda and 600, Jeep Avenger, Renegade and Compass, and Opel/Vauxhall models among others.

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　　Stellantiss hybrids feature advanced eDCT technology, incorporating a 21-kW electric motor that enhances driving efficiency and reduces CO2 emissions.

　　“Our advanced eDCT technology allows the internal combustion engine to remain off, particularly during low-speed driving, resulting in reduced CO2 emissions and fuel consumption,” said Sébastien Jacquet, Stellantis Deputy Chief Engineering Officer.

　　eDCT-equipped hybrids system's 48-volt battery can provide up to 1 km of electric range in steady driving and recycles kinetic energy during coasting and braking.

　　Currently, over 70% of Stellantiss European plants produce hybrid vehicles. The company's eTransmissions joint venture supports production in France and Italy, with a combined capacity of over 1.2 million eDCTs per year.

　　Stellantis is investing more than €50 billion globally in electrification over the decade to meet its Dare Forward 2030 goals, aiming for 100% BEV sales in Europe and 50% in the U.S. by 2030.

　　Stellantis said it is on track to become a carbon net zero corporation by 2038.

　　Price Action: STLA shares closed lower by 0.41% at $19.48 on Monday.