Stellantis and Uber join forces on electric vehicles market in France


FILE PHOTO: The logo of Stellantis is seen on a company's building in Velizy-Villacoublay near Paris, France, February 23, 2022. REUTERS/Gonzalo Fuentes

PARIS (Reuters) - Carmaker Stellantis and Uber announced a partnership along with the company Free2Move to focus on the French electric vehicles market.

The companies said in a joint presentation on Tuesday that Free2Move would help Uber in Uber's plans to convert 50% of its fleet of vehicles in France over to electric models.

The production and sale of more electric and hybrid vehicles is also a key part of the plans set out in Marchby Stellantis Chief Executive Carlos Tavares to double Stellantis' overall revenues to 300 billion euros ($288.8 billion) a year by 2030.

In August, Uber reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and ordering in food. ($1 = 1.0390 euros)

(Reporting by Gilles Guillaume; Editing by Sudip Kar-Gupta)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

Twitter CEO Musk says user signups at all-time high, touts features of "everything app"
Zelle users have been scammed out of thousands. How to avoid being targeted on money apps
Private chef stuns TikTok with US$3,500 grocery bill for 36 items. ‘Grossly out of touch’
Opinion: How Sam Bankman-Fried exploited the ‘effective altruism’�fad to get rich and con the world
Robot pets help these US seniors make friends
NYPD officers, bystander save man who fell on subway tracks
India regulator asks One 97 Communications unit to reapply for payment aggregator licence
Mercedes-Benz criticized for hiding fast acceleration behind paywall
Catfishing cosmonauts, scamming soldiers: Never fall in love online?
Opinion: Billionaires like Elon Musk, Sam Bankman-Fried didn’t save the world. They wrecked it. Let’s take it back

Others Also Read