Auto manufacturer Stellantis experiences financial losses during the first half of the current challenging year
Stellantis Shifts Focus Away from Hydrogen Fuel-Cell LCV Program
Stellantis, the automotive giant, has announced the closure of its hydrogen fuel-cell LCV program, citing a lack of clear path to profitability. This decision comes as the company reassesses the economic and infrastructure environment for hydrogen, deeming it currently unviable for scaling production and adoption within the next decade.
The decision to discontinue the hydrogen fuel cell technology development program includes the cancellation of the planned launch of hydrogen-powered Pro One vans in France and Poland. Stellantis's COO for Enlarged Europe, Jean-Philippe Imparato, explained that the hydrogen market remains a niche segment with no mid-term economic sustainability prospects.
As a result, Stellantis is focusing instead on electric and hybrid passenger and light commercial vehicles to meet stringent CO2 regulations in Europe. The company has also withdrawn from the Symbio joint venture, a key supplier of hydrogen fuel cells in Europe, signaling a significant strategic shift under the new CEO Antonio Filosa after Carlos Tavares’s tenure.
Despite this setback, Stellantis is making progress in other areas. The company's total industrial available liquidity stands at €47.2 billion ($55 billion), above the targeted ratio to net revenues. Stellantis's net revenues for the half slumped to €74.3 billion ($86.6 billion), a 2% reduction in the European region and a 23% decrease in shipments to North America. However, shipments in South America are up 20%, and net revenues in the region are climbing 5%.
In the Middle East and African markets, Stellantis reports a slight increase in shipments. The company is also re-establishing financial guidance and expects continued sequential improvement in H2 2025. Antonio Filosa, the new CEO, says 2025 has been tough but progress is being made on the product wave.
Looking ahead, Stellantis is focusing on the U.S. market, with the all-new Jeep Cherokee marking the re-entry into the midsize SUV segment. Filosa also mentions bringing back the 'Hemi' V-8 with Dodge in the fullsize sector, responding to what customers want.
Despite the operating loss of €2.3 billion ($2.68 billion) for the first half of 2025, Stellantis remains optimistic about its future. The company is working to address the challenges faced in China, India, and the Asia-Pacific region, where fierce price wars have led to a 38% fall in adjusted operating income compared to the same period in 2024.
[1] Automotive News Europe (2025). Stellantis ends hydrogen-powered van program. Retrieved from https://www.autonewseurope.com/
[2] Reuters (2025). Stellantis axes hydrogen van program, focuses on electric vehicles. Retrieved from https://www.reuters.com/
[3] Bloomberg (2025). Stellantis Scraps Hydrogen Van Program, Citing Lack of Profitability. Retrieved from https://www.bloomberg.com/
[4] Autocar (2025). Stellantis ends hydrogen van program. Retrieved from https://www.autocar.co.uk/
[1] Due to the lack of economic sustainability prospects in the hydrogen market, Stellantis has decided to prioritize investments in electric and hybrid vehicles in the automotive industry, as reported by Autonomous News Europe.
[2] The closure of Stellantis's hydrogen fuel-cell LCV program extends to the planned launch of hydrogen-powered Pro One vans in France and Poland. In response, the company is focusing on the finance sector, reassessing investment strategies to accommodate the transition towards electric and hybrid transportation, as mentioned by Reuters.
