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Stellantis, the automaker born out of the January 2021 merger between Fiat Chrysler Automobiles and PSA Group, has emerged as a strong competitor in the electric vehicle market. The company, headquartered in the Netherlands, is now the world’s fourth largest automobile producer by sales; it reported revenues of $177 billion in 2021. Stellantis encompasses 14 brand names, including Fiat and Jeep, many of which are introducing EV models to the market in 2022. CEO Carlos Tavares unveiled plans to build five battery plants as part of the firm’s strategy to invest $30 billion in EVs by 2025. Stellantis announced in May 2022 that its first battery recycling plant will be built in Kokomo, Ind., in 2025. Yet there’s also concern at the company about the pace of the world’s transition to EVs: In June Stellantis chief manufacturing officer Arnaud Deboeuf warned that the EV market will collapse if electric cars do not get cheaper.
Jeff Kowalsky—Bloomberg via Getty Images
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