Stellantis CEO Says Hoping To Launch In The U.S. Its First Electric Hydrogen Heavy Duty Pick-Up Truck Under The Ram Brand Late 2026-Early 2027; ;The Market For Hydrogen Vehicles In Europe Will Need Incentives Of €30,000 On Average For A Few Years To Be On Par With Battery EVs
Portfolio Pulse from Benzinga Newsdesk
Stellantis CEO announced plans to launch the company's first electric hydrogen heavy-duty pickup truck under the Ram brand in the U.S. by late 2026 or early 2027.

December 05, 2023 | 1:09 pm
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Stellantis plans to enter the electric hydrogen pickup truck market in the U.S. with a new Ram truck, targeting late 2026 or early 2027 for launch.
The announcement of Stellantis' foray into the electric hydrogen heavy-duty pickup truck market is significant, as it indicates the company's commitment to innovation and sustainability. This move could position Stellantis as a leader in the electric vehicle (EV) space, particularly in the popular and competitive pickup truck segment. The timeline for the launch suggests a long-term strategic plan, which may not have an immediate impact on the stock price but is likely to be viewed positively by investors who are focused on the company's growth prospects in the EV market. The confidence in this analysis is high due to the direct statement from the CEO, but it is not at 100 because market conditions and investor sentiment can change, and the product launch is several years away.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100