Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Stellantis intends to increase its sales of electric vehicles (EVs) to 400,000 units worldwide, compared to 139,000 units sold in 2020. 


According to media reports, the company’s chairman John Elkann informed shareholders of the new target in a letter, since the carmaker plans to launch 11 new EVs this year. Stellantis is the result of a merger between Fiat-Chrysler (FCA) and Peugeot (PSA). The company intends to electrify its entire range of cars by 2025.


Recently, the company decided to suspend production at its plant in Melfi, Italy from Apr 2-12 due to a decline in demand because of the impact of the COVID-19 pandemic.

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