Archer Aviation Inc. (NYSE: ACHR) and Stellantis N.V. will
attend the 54th edition of the 2023 Paris Air Show, starting June
19, 2023, to share progress toward scaling manufacturing of
Archer’s Midnight eVTOL aircraft as Archer prepares for planned
commercialization in 2025.
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the full release here:
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Archer’s Midnight eVTOL aircraft. (Photo:
Business Wire)
Archer’s Midnight aircraft will be the featured eVTOL aircraft
at the Paris Air Show, positioned in the center of the Air Mobility
event, which is located in Hall 5 at Le Bourget Airport. Dedicated
to the latest innovations and emerging technologies in eVTOL, the
Paris Air Show’s Air Mobility event will bring together key players
of this sector with three days of discussions focused on the
maturation of advanced air mobility and its impact on the future of
aerospace.
This unique partnership in the eVTOL aircraft industry between
Archer and Stellantis will leverage each company’s respective
strengths and competencies to bring the Midnight aircraft to market
at scale. To complement Archer’s world-class team of eVTOL
aircraft, electric powertrain and certification experts, Stellantis
is contributing advanced manufacturing technology and expertise,
experienced personnel and capital to the partnership. This
combination is intended to enable the rapid scaling of aircraft
production to meet Archer’s commercialization plans, while allowing
Archer to strengthen its path to commercialization by helping it
avoid hundreds of millions of dollars of spending during the
manufacturing ramp up phase.
About Archer
Archer is designing and developing electric vertical takeoff and
landing aircraft for use in urban air mobility networks. Archer’s
mission is to unlock the skies, freeing everyone to reimagine how
they move and spend time. Archer’s team is based in Santa Clara,
CA.
To learn more, visit www.archer.com.
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext
Paris: STLAP) is one of the world’s leading automakers and a
mobility provider. Its storied and iconic brands embody the passion
of their visionary founders and today’s customers in their
innovative products and services, including Abarth, Alfa Romeo,
Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia,
Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.
Powered by our diversity, we lead the way the world moves –
aspiring to become the greatest sustainable mobility tech company,
not the biggest, while creating added value for all stakeholders as
well as the communities in which it operates.
For more information, visit www.stellantis.com.
Archer Forward Looking Statements
This press release contains forward looking statements regarding
Archer’s future business plans and product roadmaps, including
statements regarding the timing of Archer’s development,
commercialization, and certification of its eVTOL aircraft. These
forward looking statements are only predictions and may differ
materially from actual results due to a variety of factors. The
risks and uncertainties that could cause actual results to differ
from the results predicted are more fully detailed in Archer’s
filings with the Securities and Exchange Commission, including its
most recent Annual Report on Form 10-K, available at www.sec.gov.
In addition, please note that any forward looking statements
contained herein are based on assumptions that Archer believes to
be reasonable as of the date of this press release. Archer
undertakes no obligation to update these statements as a result of
new information or future events.
Stellantis Forward Looking Statements
This communication contains forward-looking statements. In
particular, statements regarding future events and anticipated
results of operations, business strategies, the anticipated
benefits of the proposed transaction, future financial and
operating results, the anticipated closing date for the proposed
transaction and other anticipated aspects of our operations or
operating results are forward-looking statements. These statements
may include terms such as “may”, “will”, “expect”, “could”,
“should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”,
“on track”, “design”, “target”, “objective”, “goal”, “forecast”,
“projection”, “outlook”, “prospects”, “plan”, or similar terms.
Forward-looking statements are not guarantees of future
performance. Rather, they are based on Stellantis’ current state of
knowledge, future expectations and projections about future events
and are by their nature, subject to inherent risks and
uncertainties. They relate to events and depend on circumstances
that may or may not occur or exist in the future and, as such,
undue reliance should not be placed on them.
Actual results may differ materially from those expressed in
forward-looking statements as a result of a variety of factors,
including: the impact of the COVID-19 pandemic, the ability of
Stellantis to launch new products successfully and to maintain
vehicle shipment volumes; changes in the global financial markets,
general economic environment and changes in demand for automotive
products, which is subject to cyclicality; changes in local
economic and political conditions, changes in trade policy and the
imposition of global and regional tariffs or tariffs targeted to
the automotive industry, the enactment of tax reforms or other
changes in tax laws and regulations; Stellantis’ ability to expand
certain of their brands globally; its ability to offer innovative,
attractive products; its ability to develop, manufacture and sell
vehicles with advanced features including enhanced electrification,
connectivity and autonomous-driving characteristics; various types
of claims, lawsuits, governmental investigations and other
contingencies, including product liability and warranty claims and
environmental claims, investigations and lawsuits; material
operating expenditures in relation to compliance with
environmental, health and safety regulations; the intense level of
competition in the automotive industry, which may increase due to
consolidation; exposure to shortfalls in the funding of Stellantis’
defined benefit pension plans; the ability to provide or arrange
for access to adequate financing for dealers and retail customers
and associated risks related to the establishment and operations of
financial services companies; the ability to access funding to
execute Stellantis’ business plans and improve its businesses,
financial condition and results of operations; a significant
malfunction, disruption or security breach compromising information
technology systems or the electronic control systems contained in
Stellantis’ vehicles; Stellantis’ ability to realize anticipated
benefits from joint venture arrangements; disruptions arising from
political, social and economic instability; risks associated with
our relationships with employees, dealers and suppliers; increases
in costs, disruptions of supply or shortages of raw materials,
parts, components and systems used in Stellantis’ vehicles;
developments in labor and industrial relations and developments in
applicable labor laws; exchange rate fluctuations, interest rate
changes, credit risk and other market risks; political and civil
unrest; earthquakes or other disasters; risks and other items
described in the Company’s Annual Report on Form 20-F for he year
ended December 31, 2022 and Current Reports on Form 6-K and
amendments thereto filed with the SEC; and other risks and
uncertainties.
Any forward-looking statements contained in this communication
speak only as of the date of this document and Stellantis disclaims
any obligation to update or revise publicly forward-looking
statements. Further information concerning Stellantis and its
businesses, including factors that could materially affect
Stellantis’ financial results, is included in Stellantis’ reports
and filings with the U.S. Securities and Exchange Commission and
AFM.
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version on businesswire.com: https://www.businesswire.com/news/home/20230608005829/en/
Archer Media Contacts: The Brand Amp –
Archer@TheBrandAmp.com
Stellantis Media Contacts Fernão Silveira +31 6 43 25 43
41 – fernao.silveira@stellantis.com Valerie Gillot +33 6
83 92 92 96 – valerie.gillot@stellantis.com
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