(Reuters) – Stellantis said on Tuesday that it aims to double its net revenues to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted operating margins as it manages the shift to zero-emission vehicles.

The world’s No.4 carmaker, created early last year from the merger of PSA and Fiat Chrysler, said it will focus on an asset-light model for its flagging China business and expects 100% of its car sales to be electric in Europe by 2030. ($1 = 0.8957 euros)

(Reporting By Nick Carey; Editing by Keith Weir)