Manufacturing big Stellantis is focusing on double-digit working revenue margins this 12 months with the launch 18 all-electric vehicles, taking its portfolio to 48 fashions.

The automobile maker reported spectacular monetary efficiency for the total 12 months of 2023 with web revenues hovering to €189.5 billion, representing a big 6% improve from the earlier 12 months. Internet revenue reaching €18.6 bn, up by 11%.

The outcomes have been underpinned by a sturdy 7% improve in consolidated cargo volumes with gross sales of low-emission autos surging by a 27% and plug-in hybrid electrical autos securing the highest spot within the US market. International gross sales of electrical autos elevated 21%.

2023 launches included the competitively priced B-segment Citroën ë-C3 along with the Jeep Avenger. Stellantis additionally launched the primary of 4 all-new BEV-centric platforms, STLA Medium, on the Peugeot E-3008 with a spread of as much as 435 miles. The second platform, STLA Giant, can be launching in 2024 providing a 500-mile vary and which is able to function the inspiration for future D and E section fashions.

Stellantis additionally detailed its 2023 investments in uncooked supplies sourcing, battery know-how, and semiconductor methods together with its partnership with Ample to swap absolutely charged EV batteries in lower than 5 minutes. The enterprise additionally joined Symbio in inaugurating SymphonHy, the primary gigafactory in France and Europe’s largest built-in web site producing hydrogen gas cells.

Stellantis is returning €6.6bn in money to shareholders – a 53% improve in comparison with the earlier 12 months. The proposed dividend of €1.55 represents a considerable 16% improve on 2023. Stellantis mentioned it additionally plans to execute a €3bn open-market share buyback programme in the course of the 12 months.

Wanting ahead, the enterprise mentioned a number of components might assist enhance gross sales together with diminished provide and logistical constraints, stabilising and doubtlessly diminished rates of interest, and the advantages of its deliberate product enlargement.

“Right this moment’s document monetary outcomes are proof that we have now grow to be a brand new international chief in our business and can stay rock stable as we glance to a turbulent 2024. Because of our versatile know-how and product roadmap, we’re ready to handle the varied situations that would come up and to proceed delivering on our Dare Ahead 2030 targets,” mentioned Carlos Tavares, Stellantis CEO.