Latest news with #Jean-PhilippeImparato
Business Insider
a day ago
- Automotive
- Business Insider
Stellantis Stock (NYSE:STLA) Gains With Leapmotor Push Into South Africa
Legacy automaker Stellantis (STLA) is having a bit of a back-and-forth moment when it comes to alternative-fuel vehicles. While it is advancing in electrics, it is pulling back on hydrogen. This combination left investors a bit nonplussed, and sent shares up fractionally in Tuesday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Electrics are advancing at Stellantis, as demonstrated by its move to take the Leapmotor brand down to South Africa. Starting this September, some South African Stellantis dealers will also sell Leapmotor electric vehicles, starting with the C10 SUV. The C10 has already had a successful debut in Mauritius, reports note, so advancing into South Africa seems like a sufficiently rational step. More models are set to follow over the course of 2025 and into 2026. In general, the Leapmotor line is on the rise. Leapmotor delivered 48,006 vehicles back in June. That not only proved a record by itself, but also represented the second consecutive month that Leapmotor sales broke records. That suggests an upward trend in the making. With several facelifted models coming to the market in the next few months, and some outright new models coming as well, Leapmotor may be able to establish itself as a go-to brand. Given that sales are already on the rise, word-of-mouth promotion may start to help as well. Oh, The Humanity Meanwhile, Stellantis is also pulling out of the hydrogen market. Its recent losses, thanks largely to tariffs and supply costs, prompted Stellantis to pull out of the hydrogen fuel cell market altogether, reports note. The hydrogen development program is now gone, and plans to produce hydrogen-powered vans for the commercial market are likewise out. Stellantis' Chief Operating Officer for Enlarged Europe, Jean-Philippe Imparato, noted that the technology was essentially a 'niche' market that ultimately had '… no prospects of mid-term economic sustainability.' Worse yet, even if Stellantis had managed to develop the vehicles effectively, a lack of refueling infrastructure—have you ever tried to buy hydrogen?—would make the vehicles largely useless in the field. Is Stellantis Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on STLA stock based on four Buys, 10 Holds, and two Sells assigned in the past three months, as indicated by the graphic below. After a 53.93% loss in its share price over the past year, the average STLA price target of $10.90 per share implies 17.2% upside potential. Disclosure
Yahoo
2 days ago
- Automotive
- Yahoo
Stellantis Pulls Plug on Hydrogen Vehicles
Big Three pillar Stellantis issued a rather shocking warning this week when it reported preliminary financial figures that estimate a $2.7 billion first half loss. And as the auto company gets focused on the poor financials – impacted largely by tariff costs and related production losses – it's also unveiled some strategic changes relating to R&D. Most Read on Industrial Equipment News (IEN): One of the Largest EV Battery Plants in North America Has Officially Opened Rolls-Royce Announces $75M Expansion in South Carolina Tyson Subsidiary Cited Following Deadly Explosion Racing Success Comes Down to a Matter of Microns Stellantis said it will suspend its hydrogen development program and - with it - will discontinue the hydrogen powered commercial vans that it had previously planned to begin making this year. In explaining the decision, Jean-Philippe Imparato, Stellantis' Chief Operating Officer for Enlarged Europe, said the technology had 'no prospects of mid-term economic sustainability," after describing the hydrogen market as a 'niche.' Stellantis has not been alone in efforts to commercialize the technology. Despite its ability to produce emission-free power while operating, producing hydrogen for power has traditionally been environmentally unfriendly. Secondly, lack of scale means it's both expensive and suffers from a lack of refueling infrastructure. And it's this infrastructure issue that Stellantis cited as a primary reason behind its decision. According to Fastech, there were just 54 public hydrogen stations in the United States in 2024, and another 20 privately owned hydrogen refueling stations for fleets. And while other major auto companies – Toyota, most notably – continue to be bullish on hydrogen fuel cells, things are still hanging by a thread despite the optimism: Last year, Toyota offered such dramatic discounts on its Mirai – an electric vehicle that runs off of a hydrogen fuel cell – that it appeared to put Toyota completely in the red once a generous promotion for free fuel was added in. Whether things will turn around remains to be seen, but clearly Stellantis doesn't want to wait around to find out. Click here to subscribe to our daily newsletter featuring breaking engineering industry news. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Straits Times
6 days ago
- Automotive
- Straits Times
Stellantis pulls plug on hydrogen fuel cell vans
Find out what's new on ST website and app. Stellantis is not continuing with plans to build hydrogen fuel cell commercial vehicles. PARIS – On June 16, Jeep-maker Stellantis said it was pulling the plug on plans to build light vans using hydrogen fuel cells, adding that it saw no prospects for it to be commercially viable. The company, whose stable of brands includes Peugeot, Citroen and Fiat, had planned to begin serial production of commercial vans equipped with hydrogen fuel cells this summer at sites in northern France and southern Poland. 'The hydrogen market remains a niche segment, with no prospects of midterm economic sustainability,' said Mr Jean-Philippe Imparato, Stellantis' chief operating officer for the European region. The company cited limited availability of hydrogen refuelling infrastructure, high capital requirements and the need for stronger consumer purchasing incentives. 'We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offensive,' Mr Imparato added. Hydrogen fuel cell technology was seen as a possible rival to battery electric vehicles to reach zero emissions. When hydrogen and air are fed into a cell, it creates electricity and water. The technology could offer faster refill times than recharging electric batteries, but also involves creating expensive new infrastructure, and most hydrogen is currently produced from natural gas without capturing the greenhouse gas emissions. Top stories Swipe. Select. Stay informed. Singapore 30% of aviation jobs could be redesigned due to AI, automation; $200m fund to support workers: CAAS Singapore Alleged Kpod peddler filmed trying to flee raid in Bishan charged with 6 offences Business Global fintech firms expanding in Singapore with larger offices, APAC hubs Singapore UOB awarded $17.7 million in civil suit against Lippo Marina Collection over inflated housing loans Life Kinokuniya opens third bookstore in Raffles City, weeks ahead of schedule Singapore 5 foreigners charged over scheme to deliberately get arrested in S'pore to sell sex drugs Life F1 Singapore Grand Prix: Music acts Lewis Capaldi, Clean Bandit, Spice Girls' Melanie C added World Trump threatens to sue WSJ over story on alleged 2003 letter to Epstein Only Toyota, Hyundai and BMW are still developing fuel cell vehicles and few models are on the roads. France's Renault shut its hydrogen fuel cell factory at the start of 2025. Stellantis said staff at the factories would be reassigned to other tasks, but acknowledged the move would create 'financial challenges' for fuel cell supplier Symbio. Stellantis took a stake in Symbio in 2023, alongside tyre manufacturer Michelin and auto parts supplier Forvia. Symbio opened a fuel cell factory near the French city of Lyon in 2023. Stellantis said it had launched discussions with the other shareholders in Symbio, but Michelin called the announcement 'unexpected, brutal and uncoordinated'. Forvia noted that Stellantis accounts for nearly 80 per cent of Symbio's activity. 'Stellantis' announcement will have serious and immediate operational and financial repercussions for the future of Symbio,' it said. AFP
The Advertiser
7 days ago
- Automotive
- The Advertiser
Peugeot parent ends hydrogen fuel-cell development
Stellantis is giving up on hydrogen fuel-cell vehicles, with the French-Italian-American automaker ending development of the technology and halting production of fuel-cell powered vans. In a statement, Jean-Philippe Imparato, the company's chief operating officer for Europe, said: "The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability. We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offensive." Due to the absence of fuelling infrastructure, lack of financial incentives and high purchase cost, the automaker says it "does not anticipate the adoption of hydrogen-powered light commercial vehicles before the end of the decade". Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With this announcement, Stellantis will not move ahead of series production of the Opel Vivaro-e Hydrogen/Peugeot e-Expert Hydrogen/Citroen e-Jumpy Hydrogen mid-size vans, and the larger Opel Movano-e Hydrogen/Peugeot e-Boxer Hydrogen/Citroen e-Jumper Hydrogen/Fiat e-Ducato Hydrogen vans. We understand a limited number of hydrogen vans have already been delivered for advance orders. The Vivaro-e Hydrogen has a 45kW fuel-cell, and its hydrogen tanks can be refilled in around three minutes. The van is technically a plug-in hybrid as it also has a 10.5kWh lithium-ion battery pack that allows it to operate as a pure EV for around 50km. Total combined range under the WLTP standard is 400km. There will be no jobs lost at Stellantis, with those working on hydrogen fuel-cell development and vehicles moved to other projects. Stellantis isn't the only automaker to change course on hydrogen fuel-cell cars. Toyota, one of the biggest proponents of the technology, gave up on its dreams of fuel-cell vehicles being as ubiquitous as hybrids in 2023, deciding to focus instead on fuel-cell commercial vehicles. That said, the hydrogen fuel-cell powered Toyota Mirai sedan (below) remains available, and automakers are still churning new fuel-cell cars every so often. Hyundai unveiled the handsome second-generation Nexo (below) earlier this year, and confirmed it will be available Down Under. The plug-in hybrid fuel-cell Honda CR-V e:FCEV made its debut in early 2024, but is only available in parts of the US and Japan. Hydrogen fuel-cell vehicles combine atmospheric oxygen with hydrogen stored in on-board tanks to produce electricity and water. The electricity generated powers electric motors which drive the wheels. Like with petrol-electric hybrids, excess power generated by the fuel-cell, as well as energy recovered via regenerative braking, are stored in a high-voltage battery pack. Despite being the most abundant element in the universe, hydrogen exists in much smaller quantities on Earth, and what we have is locked in compounds, such as water and organic material. As such, extracting pure hydrogen requires large amounts of energy. Without factories generating large quantities of hydrogen, delivery logistics, and facilities to sell it to the public, filling up a hydrogen fuel-cell vehicle can be rather problematic. According to the CSIRO, there are 13 hydrogen fuel stations in Australia. The US isn't much better with around 100 stations nationwide. MORE: Everything Peugeot Content originally sourced from: Stellantis is giving up on hydrogen fuel-cell vehicles, with the French-Italian-American automaker ending development of the technology and halting production of fuel-cell powered vans. In a statement, Jean-Philippe Imparato, the company's chief operating officer for Europe, said: "The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability. We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offensive." Due to the absence of fuelling infrastructure, lack of financial incentives and high purchase cost, the automaker says it "does not anticipate the adoption of hydrogen-powered light commercial vehicles before the end of the decade". Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With this announcement, Stellantis will not move ahead of series production of the Opel Vivaro-e Hydrogen/Peugeot e-Expert Hydrogen/Citroen e-Jumpy Hydrogen mid-size vans, and the larger Opel Movano-e Hydrogen/Peugeot e-Boxer Hydrogen/Citroen e-Jumper Hydrogen/Fiat e-Ducato Hydrogen vans. We understand a limited number of hydrogen vans have already been delivered for advance orders. The Vivaro-e Hydrogen has a 45kW fuel-cell, and its hydrogen tanks can be refilled in around three minutes. The van is technically a plug-in hybrid as it also has a 10.5kWh lithium-ion battery pack that allows it to operate as a pure EV for around 50km. Total combined range under the WLTP standard is 400km. There will be no jobs lost at Stellantis, with those working on hydrogen fuel-cell development and vehicles moved to other projects. Stellantis isn't the only automaker to change course on hydrogen fuel-cell cars. Toyota, one of the biggest proponents of the technology, gave up on its dreams of fuel-cell vehicles being as ubiquitous as hybrids in 2023, deciding to focus instead on fuel-cell commercial vehicles. That said, the hydrogen fuel-cell powered Toyota Mirai sedan (below) remains available, and automakers are still churning new fuel-cell cars every so often. Hyundai unveiled the handsome second-generation Nexo (below) earlier this year, and confirmed it will be available Down Under. The plug-in hybrid fuel-cell Honda CR-V e:FCEV made its debut in early 2024, but is only available in parts of the US and Japan. Hydrogen fuel-cell vehicles combine atmospheric oxygen with hydrogen stored in on-board tanks to produce electricity and water. The electricity generated powers electric motors which drive the wheels. Like with petrol-electric hybrids, excess power generated by the fuel-cell, as well as energy recovered via regenerative braking, are stored in a high-voltage battery pack. Despite being the most abundant element in the universe, hydrogen exists in much smaller quantities on Earth, and what we have is locked in compounds, such as water and organic material. As such, extracting pure hydrogen requires large amounts of energy. Without factories generating large quantities of hydrogen, delivery logistics, and facilities to sell it to the public, filling up a hydrogen fuel-cell vehicle can be rather problematic. According to the CSIRO, there are 13 hydrogen fuel stations in Australia. The US isn't much better with around 100 stations nationwide. MORE: Everything Peugeot Content originally sourced from: Stellantis is giving up on hydrogen fuel-cell vehicles, with the French-Italian-American automaker ending development of the technology and halting production of fuel-cell powered vans. In a statement, Jean-Philippe Imparato, the company's chief operating officer for Europe, said: "The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability. We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offensive." Due to the absence of fuelling infrastructure, lack of financial incentives and high purchase cost, the automaker says it "does not anticipate the adoption of hydrogen-powered light commercial vehicles before the end of the decade". Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With this announcement, Stellantis will not move ahead of series production of the Opel Vivaro-e Hydrogen/Peugeot e-Expert Hydrogen/Citroen e-Jumpy Hydrogen mid-size vans, and the larger Opel Movano-e Hydrogen/Peugeot e-Boxer Hydrogen/Citroen e-Jumper Hydrogen/Fiat e-Ducato Hydrogen vans. We understand a limited number of hydrogen vans have already been delivered for advance orders. The Vivaro-e Hydrogen has a 45kW fuel-cell, and its hydrogen tanks can be refilled in around three minutes. The van is technically a plug-in hybrid as it also has a 10.5kWh lithium-ion battery pack that allows it to operate as a pure EV for around 50km. Total combined range under the WLTP standard is 400km. There will be no jobs lost at Stellantis, with those working on hydrogen fuel-cell development and vehicles moved to other projects. Stellantis isn't the only automaker to change course on hydrogen fuel-cell cars. Toyota, one of the biggest proponents of the technology, gave up on its dreams of fuel-cell vehicles being as ubiquitous as hybrids in 2023, deciding to focus instead on fuel-cell commercial vehicles. That said, the hydrogen fuel-cell powered Toyota Mirai sedan (below) remains available, and automakers are still churning new fuel-cell cars every so often. Hyundai unveiled the handsome second-generation Nexo (below) earlier this year, and confirmed it will be available Down Under. The plug-in hybrid fuel-cell Honda CR-V e:FCEV made its debut in early 2024, but is only available in parts of the US and Japan. Hydrogen fuel-cell vehicles combine atmospheric oxygen with hydrogen stored in on-board tanks to produce electricity and water. The electricity generated powers electric motors which drive the wheels. Like with petrol-electric hybrids, excess power generated by the fuel-cell, as well as energy recovered via regenerative braking, are stored in a high-voltage battery pack. Despite being the most abundant element in the universe, hydrogen exists in much smaller quantities on Earth, and what we have is locked in compounds, such as water and organic material. As such, extracting pure hydrogen requires large amounts of energy. Without factories generating large quantities of hydrogen, delivery logistics, and facilities to sell it to the public, filling up a hydrogen fuel-cell vehicle can be rather problematic. According to the CSIRO, there are 13 hydrogen fuel stations in Australia. The US isn't much better with around 100 stations nationwide. MORE: Everything Peugeot Content originally sourced from: Stellantis is giving up on hydrogen fuel-cell vehicles, with the French-Italian-American automaker ending development of the technology and halting production of fuel-cell powered vans. In a statement, Jean-Philippe Imparato, the company's chief operating officer for Europe, said: "The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability. We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offensive." Due to the absence of fuelling infrastructure, lack of financial incentives and high purchase cost, the automaker says it "does not anticipate the adoption of hydrogen-powered light commercial vehicles before the end of the decade". Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With this announcement, Stellantis will not move ahead of series production of the Opel Vivaro-e Hydrogen/Peugeot e-Expert Hydrogen/Citroen e-Jumpy Hydrogen mid-size vans, and the larger Opel Movano-e Hydrogen/Peugeot e-Boxer Hydrogen/Citroen e-Jumper Hydrogen/Fiat e-Ducato Hydrogen vans. We understand a limited number of hydrogen vans have already been delivered for advance orders. The Vivaro-e Hydrogen has a 45kW fuel-cell, and its hydrogen tanks can be refilled in around three minutes. The van is technically a plug-in hybrid as it also has a 10.5kWh lithium-ion battery pack that allows it to operate as a pure EV for around 50km. Total combined range under the WLTP standard is 400km. There will be no jobs lost at Stellantis, with those working on hydrogen fuel-cell development and vehicles moved to other projects. Stellantis isn't the only automaker to change course on hydrogen fuel-cell cars. Toyota, one of the biggest proponents of the technology, gave up on its dreams of fuel-cell vehicles being as ubiquitous as hybrids in 2023, deciding to focus instead on fuel-cell commercial vehicles. That said, the hydrogen fuel-cell powered Toyota Mirai sedan (below) remains available, and automakers are still churning new fuel-cell cars every so often. Hyundai unveiled the handsome second-generation Nexo (below) earlier this year, and confirmed it will be available Down Under. The plug-in hybrid fuel-cell Honda CR-V e:FCEV made its debut in early 2024, but is only available in parts of the US and Japan. Hydrogen fuel-cell vehicles combine atmospheric oxygen with hydrogen stored in on-board tanks to produce electricity and water. The electricity generated powers electric motors which drive the wheels. Like with petrol-electric hybrids, excess power generated by the fuel-cell, as well as energy recovered via regenerative braking, are stored in a high-voltage battery pack. Despite being the most abundant element in the universe, hydrogen exists in much smaller quantities on Earth, and what we have is locked in compounds, such as water and organic material. As such, extracting pure hydrogen requires large amounts of energy. Without factories generating large quantities of hydrogen, delivery logistics, and facilities to sell it to the public, filling up a hydrogen fuel-cell vehicle can be rather problematic. According to the CSIRO, there are 13 hydrogen fuel stations in Australia. The US isn't much better with around 100 stations nationwide. MORE: Everything Peugeot Content originally sourced from:
7NEWS
7 days ago
- Automotive
- 7NEWS
Peugeot parent ends hydrogen fuel cell development
Stellantis is giving up on hydrogen fuel cell vehicles, with the French-Italian-American automaker ending development of the technology and halting production of fuel cell-powered vans. In a statement, Jean-Philippe Imparato, the company's chief operating officer for Europe, said: 'The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability. We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offensive.' Due to the absence of fuelling infrastructure, lack of financial incentives and high purchase cost, the automaker says it 'does not anticipate the adoption of hydrogen-powered light commercial vehicles before the end of the decade'. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. With this announcement, Stellantis will not move ahead of series production of the Opel Vivaro-e Hydrogen/Peugeot e-Expert Hydrogen/Citroen e-Jumpy Hydrogen mid-size vans, and the larger Opel Movano-e Hydrogen/Peugeot e-Boxer Hydrogen/Citroen e-Jumper Hydrogen/Fiat e-Ducato Hydrogen vans. We understand a limited number of hydrogen vans have already been delivered for advance orders. The Vivaro-e Hydrogen has a 45kW fuel cell, and its hydrogen tanks can be refilled in around three minutes. The van is technically a plug-in hybrid as it also has a 10.5kWh lithium-ion battery pack that allows it operate as a pure EV for around 50km. Total combined range under the WLTP standard is 400km. There will be no jobs lost at Stellantis, with those working on hydrogen fuel cell development and vehicles moved to other projects. Stellantis isn't the only automaker to change course on hydrogen fuel cell cars. Toyota, one of the biggest proponents of the technology, gave up on its dreams of fuel cells being as ubiquitous as hybrids in 2023, deciding to focus instead on fuel cell commercial vehicles. That said, the hydrogen fuel cell Toyota Mirai sedan (below) remains available, and automakers are still churning new fuel cell cars every so often. Hyundai unveiled the handsome second-generation Nexo (below) earlier this year, and confirmed it will be available Down Under. The plug-in hybrid fuel cell Honda CR-V e:FCEV made its debut in early 2024, but is only available in parts of the US and Japan. Hydrogen fuel cell vehicles combine atmospheric oxygen with hydrogen stored in on-board tanks to produce electricity and water. The electricity generated powers electric motors which drive the wheels. Like with petrol-electric hybrids, excess power generated by the fuel cell, as well as energy recovered via regenerative braking, are stored in a high voltage battery pack. Despite being the most abundant element in the universe, hydrogen exists in much smaller quantities on Earth, and what we have is locked in compounds, such as water and organic material. As such, extracting pure hydrogen requires large amounts of energy. Without factories generating large quantities of hydrogen, delivery logistics, and facilities to sell it to the public, filling up a hydrogen fuel cell vehicle can be rather problematic. According to the CSIRO, there are 13 hydrogen fuel stations in Australia. The US isn't much better with around 100 stations nationwide.
