Movement Alert｜Stellantis NV Rises 5.12% in Regular Trading, Plans to Adopt Leapmotor Technology to Cut European Brand Costs

Market Focus

Jul 29

On July 29, Stellantis NV rose 5.12% in regular trading, trading at $6.01/share, with turnover of $27.96 million.

On the news front, Stellantis is reportedly considering introducing electric vehicle technology from its Chinese partner Leapmotor to mass-market European brands including Fiat, Opel, and Peugeot, aiming to lower production costs and access more advanced battery and EV powertrain systems through an expanded joint venture scope.

Additionally, the company is set to release Q2 earnings on July 30, with consensus EPS expectations at $0.41. Previously disclosed Q2 shipment data showed 1.6 million units delivered, representing a 10% year-over-year increase, with North America and Europe serving as the primary growth drivers. The combination of a strategic cost-reduction initiative and upbeat delivery figures ahead of the earnings release appears to have bolstered investor sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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