Shulou(Shulou.com)11/24 Report--

CTOnews.com July 27 news, early this morning, the world's fourth largest car company Stellantis released the first half of this year's results. According to the data, Stellantis's revenue in the first half totaled 98.37 billion euros, up 12% from a year earlier; adjusted revenue was 14.1 billion euros, up 11% from a year earlier, with a profit margin of 14.4%; and net profit was 10.9 billion euros, up 37% from a year earlier.

In terms of the performance of the new energy vehicle market, the group sold 169,000 vehicles and 315000 new vehicles worldwide in the first half of this year, an increase of 24 per cent and 28 per cent respectively over the same period last year.

Carlos Tavares, CEO of Stellantis Group, was interviewed on Wednesday, local time, Bloomberg reported. When talking about the status of competitors, Tang Weishi pointed out that "some of our Western counterparts" Volkswagen and General Motors are currently under pressure in the Chinese market. Because the current business of traditional fuel vehicles is shrinking, and the scale of the electrified business of the two companies is not large, and the final profit is not high.

He also said that as Tesla's profits gradually decline, it will enter an environment of strict pricing and strong cost competitiveness. In such an environment, "large-scale enterprises like ours may face operational problems."

CTOnews.com previously reported that Volkswagen Group announced on its website on July 26 that it had signed a long-term technical framework agreement for cooperation with Xiaopeng Motor. At the beginning of the cooperation, two Volkswagen-branded electric vehicles aimed at China's medium-sized car market will be jointly developed and will be launched in 2026, pending a final agreement.

At the same time, earlier this month, Stellantis launched a new "STLA Medium" car platform, which is specially built for medium-sized cars. Tang claims that compact and medium-sized pure electric cars typically have a range of about 300 miles, while Stellantis will start selling small and medium-sized electric cars with a range of 435 miles next year.

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