Hydrogen Highway: Stellantis Gears Up With In-House Production Of Eco-Friendly Commercial Vans In Europe
Portfolio Pulse from Lekha Gupta
Stellantis NV (NYSE:STLA) has begun in-house production of hydrogen fuel cell commercial vans in Europe, with facilities in Hordain, France, and Gliwice, Poland. The company aims to expand its zero-emission vehicle range and strengthen its position in the commercial vehicle segment. The vans offer a range of up to 400-500 kilometers and refueling times of 4-5 minutes. Stellantis will produce eight hydrogen fuel cell versions of mid-size and large vans, including models from Fiat Professional, Citroën, Peugeot, and Opel/Vauxhall. Additionally, Stellantis has invested in Tiamat, a French company specializing in sodium-ion battery technology. STLA shares were down 1.16% at $20.97 in the last check.
January 29, 2024 | 6:24 pm
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Stellantis NV has initiated the production of hydrogen fuel cell vans, indicating a strategic move towards zero-emission commercial vehicles. The company's investment in sodium-ion battery tech and its production capabilities in Europe may strengthen its market position.
The commencement of in-house production of hydrogen fuel cell vehicles is a positive development for Stellantis, reflecting its commitment to sustainability and innovation in the commercial vehicle market. This move could attract investors interested in green technology and potentially increase demand for STLA shares. However, the impact is moderated by the current share price decline, which may reflect broader market conditions or short-term reactions.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90