Stellantis (NYSE:STLA), the automotive conglomerate that owns brands such as Chrysler, Jeep, and Fiat under its belt, announced a major partnership with Ayvens, a French leasing and fleet management company.
The agreement, valued at several billion euros, entails the sale of up to 500,000 vehicles to Ayvens over the next three years, marking a significant move for Stellantis in the European market.
Under the terms of the deal, Ayvens will incorporate these vehicles into its long-term leasing fleet across Europe, with initial deliveries slated to start in the first half of 2024.
While the agreement outlines the potential for a substantial volume of vehicles to be ordered, the specifics regarding the quantity, composition, and delivery timelines beyond the 2024 projections are set to be determined based on the fleet's evolving needs and market demand.
This strategic move not only reinforces Stellantis' position in the European automotive market but also enhances Ayvens' offering to its customers.
The vehicles from Stellantis that will be available through Ayvens include models from Alfa Romeo, DS Automobiles, Fiat, Opel, Peugeot, and Vauxhall. Moreover, there is potential for the range of available brands to expand, covering the entirety of Stellantis' portfolio in the future.
Carlos Tavares, CEO of Stellantis, said the deal will facilitate “the progressive transition of Ayven's client base to choosing more sustainable mobility options.”