EVs On The Go - Merchants Fleet To Buy 12,500 All-New Ram ProMaster Electric Vans From Stellantis
Portfolio Pulse from Nabaparna Bhattacharya
Stellantis N.V. announced that Merchants Fleet will purchase 12,500 units of the all-new Ram ProMaster Electric Vans over the next several years. The Ram ProMaster EV, set to launch later this year, will be Stellantis' first fully electric van in North America. This follows a previous announcement with Amazon as the first commercial customer for the new Ram ProMaster EV.
June 13, 2023 | 2:34 pm
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Amazon was previously announced as the first commercial customer for Stellantis' Ram ProMaster Electric Vans, with plans to put thousands of ProMaster EVs on the road yearly.
While Amazon's commitment as the first commercial customer for Stellantis' Ram ProMaster Electric Vans is noteworthy, it is not the primary focus of this news. The announcement of Merchants Fleet purchasing 12,500 units is the main highlight. Therefore, the short-term impact on AMZN's stock price is expected to be neutral.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Stellantis secures a deal with Merchants Fleet for 12,500 Ram ProMaster Electric Vans, bolstering its commercial vehicle portfolio and supporting its revenue growth goals.
The deal with Merchants Fleet for 12,500 Ram ProMaster Electric Vans is a significant milestone for Stellantis, as it marks the expansion of their electric vehicle offerings in North America. This partnership, along with the previous announcement with Amazon, will help Stellantis reach its goal of doubling revenues by 2030. The news is likely to have a positive short-term impact on STLA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100