2024-03-19
AMSTERDAM AND SANTA CLARA, CALIFORNIA - Stellantis N.V. (NYSE:STLA) has increased its shareholding in Archer Aviation Inc. (NYSE:ACHR), an emerging electric vertical take-off and landing (eVTOL) aircraft company. The automaker recently acquired approximately 8.3 million shares through open market transactions, underscoring its confidence in Archer's vision to commercialize eVTOL aircraft by 2025.