Stellantis to Build Electric Aircraft with Archer and Provide Strategic Funding for Growth

January 4, 2023



AMSTERDAM & SANTA CLARA, Calif.–(BUSINESS WIRE)– Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Archer Aviation Inc. (NYSE: ACHR) today announced that they have agreed to significantly expand their partnership by joining forces to manufacture Archer’s flagship electric vertical take-off and landing (eVTOL) aircraft, Midnight. Stellantis will work with Archer to stand up Archer’s recently announced manufacturing facility in Covington, Georgia at which the companies plan to begin manufacturing the Midnight aircraft in 2024.