Stellantis increased its revenue by 6 percent in 2023, reaching a record level of 189.5 billion euros. The company's net profit increased to 18.6 billion euros.
Fiat Chrysler Automobiles (FCA) and the PSA group reached an agreement to merge in a 50-50 partnership in 2020, and the merger took place under the "Stellantis" brand in January 2021.
Stellantis shared its financial data for 2023. Accordingly, the company's revenues increased by 6 percent to 189.5 billion euros and broke a new record.
The company's net profit increased by 11 percent to 18.6 billion euros.
Stellantis' global fully electric (BEV) vehicle sales increased by 21 percent compared to the previous year, while low-emission vehicle (LEV) sales increased by 27 percent.
The company stated that it is the leader in sales of plug-in hybrid vehicles in the USA.
Stellantis CEO Carlos Tavares said record financial results are proof that they will remain strong in 2024.
The company will launch 18 additional electric models in 2024 to support the overall market growth and electric transition in North America, reaching a total of 48 models by the end of 2024.
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