Stellantis, the world's No. 4 multinational automaker, posted an annual loss for the first time since its launch in 2021.
On the 26th (local time), U.S. CNBC said Stellantis expects its 2025 annual net loss to reach 22.3 billion euros (about 37.55 trillion won). It swung to a loss from a 2024 annual net profit of 5.5 billion euros (about 9.26 trillion won).
Stellantis, which owns well-known brands such as Jeep, Dodge, Fiat, Chrysler and Peugeot, said the result reflected a write-down of 25.4 billion euros (about 42.76 trillion won) in asset in the course of sharply scaling back its electric-vehicle strategy.
On the 6th, Stellantis sold its entire equity in a joint plant to LG Energy Solution. LG Energy Solution bought the 49% equity in the Canadian joint venture "NextStar Energy," previously held by Stellantis, for just $100. Stellantis is also discussing a plan to unwind its equity in "StarPlus Energy," a U.S. battery joint venture established with Samsung SDI in 2021.
Weighed down by weak earnings, Stellantis shares have fallen more than 30% so far this year. Still, Stellantis said sales have been rising since the second half of last year, led by North America.
Stellantis Chief Executive Officer Antonio Filosa said, "The 2025 annual results reflect the expense of overestimating the pace of the energy transition," adding, "In 2026, we will focus on returning to profitable growth."