Stellantis reports a lucrative FY2022 and an aim to become a market leader in the Middle East and Africa by 2030

Stellantis reported strong results for Financial Year 2022 for its Middle East and Africa (MEA) markets whilst it also marked the automaker’s initial year of implementing its ambitious ‘Dare Forward 2030′ strategy. Stellantis MEA oversaw 11 launches in 77 markets in 2022 from which 2 new EV and 2 new PHEV models. The carmaker’s adjusted operating income was registered to have grown by four times against the numbers recorded at Stellantis’ inception. It achieved a 0.3-point increase in market share against its 2021’s results while already obtaining product quality levels originally set for 2025. Going forward, the automaker’s MEA region’s ambition is to become the market leader in its area by 2030 with a target to procure over 22% market share in the region. The brand has already embarked on the journey to accomplish the same by signing MOUs in countries like Turkey, South Africa, Egypt, Morroco and Algeria to either commence production or increase production quantity,