China Economic Net, Beijing, February 27th (Reporter Zhang Yi) Yesterday, Stellantis Group announced a framework agreement worth billions of euros with Ayvens, a provider of sustainable mobile travel services. The agreement encourages Ayvens subsidiaries to purchase 500000 vehicles from Stellantis Group over the next three years to support Ayvens' long-term leasing business for fleets in Europe. The first large-scale vehicle delivery is expected to take place in the first half of 2024, and subsequent deliveries will run throughout the year.
"This collaboration enables existing and potential customers of Stellantis Group's brands to experience the latest innovations in our brand vehicles, which will cover advanced power systems, convenient car networking, and unparalleled driving comfort. As we tirelessly strive to achieve carbon neutrality goals and pave the way, Ayvens' vast customer base will conduct the ultimate test drive of our vehicles." Carlos Tavares, Global CEO of Stellantis Group, said.
It is understood that ALD Automotive acquired LeasePlan, a fleet management and mobile transportation company, in May 2023 to establish Ayvens. Ayvens has now become the world's number one multi brand and multi-channel car rental company. "In the future, the cooperation between the two sides will further cover all automotive brands under Stellantis Group," Stellantis Group said.
It is worth mentioning that as part of Stellantis Group's "Dare Forward 2030" strategic plan, Stellantis will invest over 50 billion euros in electrification over the next decade to achieve the goal of "by 2030, all passenger cars sold by the Group in Europe will be pure electric vehicles, and 50% of passenger cars and light trucks sold in the United States will be pure electric vehicles.". Stellantis Group plans to become a net zero carbon emitting enterprise by 2038. If all its direct and indirect carbon emissions are included, the group will only require carbon compensation for a single digit percentage of its carbon emissions.
On February 15th, Stellantis Group announced its full year financial performance for 2023. According to the financial report, Stellantis Group's net revenue in 2023 was 189.5 billion euros, a year-on-year increase of 6%; Net profit of 18.6 billion euros, a year-on-year increase of 11%; Industrial free cash flow was 12.9 billion euros, a year-on-year increase of 19%. The sales of pure electric vehicles and low emission models increased by 21% and 27% year-on-year, respectively. Among them, the sales of plug-in hybrid models and low emission models ranked first and second in the US market, respectively. Stellantis stated that "the group achieved a record breaking annual financial performance in 2023, with three key financial indicators of net revenue, net profit, and industrial free cash flow reaching historic highs."
Tang Weishi said, "The record breaking financial performance of the group in 2023 indicates that we have become a global leader in the automotive industry and will continue to maintain stable development in the turbulent year of 2024. Due to our flexible and diverse technology and product roadmap, we are ready to face various possible new situations in order to continue to achieve the phased goals in the group's' Dare Forward 2030 'strategic plan."
Looking ahead to 2024, Stellantis stated, "Despite facing macroeconomic uncertainty, the group remains committed to achieving double-digit adjusted operating profit margins and positive industrial free cash flow for 2024."