Newscasts - Stellantis ramps up hybrids as demand booms

Peugeot Invest SA

09/07/2024 10:05

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Source: 'Reuters - Business videos'

Description: Stellantis said on Tuesday it would expand its line of affordable
hybrid vehicles to 36 models in Europe by 2026, to meet growing demand for
this engine type, an alternative to petrol-fueled cars and electric vehicles.
Francis Maguire reports.
Short Link: https://refini.tv/3RYoVEW

Video Transcript:

Stellantis is doubling down on hybrids as demand booms. It aims to expand its
lineups of such vehicles to 36 by 2026. The automaker said Tuesday, it would
offer 30 hybrid models this year, covering most of its 14 brands, including
Fiat, Peugeot and Jeep. It aims to launch six more over the following two
years. Stellantis said it was responding to growing customer orders for
hybrids in Europe. The models offer an alternative to electric vehicles and
petrol only cars. It said sales of hybrids rose 41% in the region, over the
first six months of the year. The group said in June, its EV sales had been
stable since the beginning of this year, despite softer demand globally.
Stellantis said it was focusing on so-called mild hybrid vehicles which can't
be plugged in. He says, this system offers a similar CO2 gain to full hybrids,
but at a lower cost to the consumer