Stellantis, Filosa: "Too much capacity in Europe", strikes deals to avoid closures
In Paris, Filosa outlines Stellantis's strategy, from alliances with Chinese carmakers to new global platforms and investment in European batteries.
Excess production capacity, especially in Europe, poses a significant challenge for Stellantis, according to CEO Antonio Filosa. The company has no plans to close plants and aims to utilize its facilities fully through partnerships with Chinese manufacturers Leapmotor and Dongfeng. At the Paris Automotive Summit, Filosa explained that the solution involves sharing industrial capacity and serving European customers more efficiently by expanding the range of affordable electric vehicles.
Stellantis is also collaborating with Chinese partners in other markets, such as India, to integrate their technologies with its own industrial expertise, sales network, and consumer knowledge. Additionally, the European distribution network plays a crucial role in facilitating the market reach of competitive products. To support the electric transition, Stellantis acknowledges the need for new investments in battery production, including the development of additional gigafactories in Europe to meet demand and comply with Made in Europe requirements.
The company is preparing to launch the new Stla One platform, initially for Peugeot in France, with plans to roll out to other European and North American brands as part of its Fastlane 2030 plan. Stellantis aims to reduce duplication, leverage economies of scale, and invest a significant portion of funds in shared solutions while focusing on brand-specific needs.
The company also calls for a swift agreement on the revision of European CO2 emissions rules and measures to support Made in Europe.
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