Stellantis Discusses EV Production in Canada with Zhejiang Leapmotor
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
0mins
Should l Buy STLA?
Stellantis is discussing options for building electric vehicles in Canada with its Chinese partner, Zhejiang Leapmotor Technology Co., people familiar with the matter told Bloomberg's Brian Platt and Gabrielle Coppola. The talks are in an early stage, said the sources.
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Analyst Views on STLA
Wall Street analysts forecast STLA stock price to rise
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 7.090
Low
9.33
Averages
11.81
High
15.15
Current: 7.090
Low
9.33
Averages
11.81
High
15.15
About STLA
Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is a holding Company based in the Netherlands and operates as an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has industrial operations in more than 30 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. The Company designs, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall. It offers a wide variety of vehicle choices from luxury and mainstream passenger vehicles to pickup trucks, sport utility vehicle (SUVs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Plant Utilization Improvement: The talks are focused on an idled Stellantis assembly plant in Ontario, which, if an agreement is reached, would effectively enhance the plant's utilization and create job opportunities.
- Tariff Policy Impact: These negotiations are taking place against the backdrop of Canada’s agreement with China to reduce tariffs on Chinese-made electric vehicles, highlighting the positive influence of policy changes on multinational collaborations.
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- Strong Guidance: Micron's revenue guidance for the current quarter is set at $33.5 billion, well above analysts' expectations of $24.3 billion, suggesting a nearly 50% gross margin and indicating continued benefits from the AI investment surge.
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- Strategic Customer Agreements: Micron is entering long-term strategic agreements with customers, including its first five-year contract, enhancing visibility into future business and potentially altering the cyclical nature of the memory market, thereby boosting the company's competitive edge.
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