SIXT And Stellantis Reach Agreement For The Purchase Of Up To 250,000 Vehicles, Laying The Foundation For Further Global Expansion
Portfolio Pulse from Benzinga Newsdesk
SIXT and Stellantis have announced a multi-billion euro agreement for SIXT to purchase up to 250,000 Stellantis vehicles by 2026 for its rental fleet in Europe and North America. The deal includes a variety of vehicle classes and propulsion types, including battery electric vehicles (BEVs), and aligns with both companies' decarbonization strategies. Deliveries will start in Q1 2024. The partnership also explores cooperation in data services and aims to enhance customer experience with connected vehicles and streamlined rental processes. Stellantis aims for a 100% BEV sales mix in Europe and 50% in the US by 2030, while SIXT targets a 70-90% electrified fleet in Europe by 2030.
January 16, 2024 | 1:12 pm
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Stellantis has secured a major deal with SIXT for the sale of up to 250,000 vehicles, which will likely boost revenue and support its sustainability targets. The agreement also includes potential cooperation in data services, which could lead to further business opportunities.
The agreement with SIXT is a significant sales commitment that will likely have a positive impact on Stellantis' revenue and market share in the rental sector. The focus on BEVs and connected vehicles aligns with industry trends and regulatory pressures for decarbonization, which could enhance Stellantis' brand image and customer appeal. The potential for data service cooperation could also lead to new revenue streams and technological advancements.
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