By Kim Richters

 

Stellantis NV is aiming to reach net revenue of 300 billion euros ($336.58 billion) by the end of the decade.

The revenue target is part of a strategy plan the auto maker released Tuesday. In 2021, the company's revenue was EUR149.42 billion.

It is also targeting to maintain double-digit adjusted operating profit margins throughout the period, which compares with a 11.8% margin in the past year.

As for electrifciation, the car maker said it is targeting 100% of sales in Europe as well as 50% of sales in the U.S. to be battery-electric vehicles by 2030.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

March 01, 2022 08:50 ET (13:50 GMT)

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