Stellantis to launch $27،000 green car in2024 to compete with EVs BYD،Renault

Olivier Francois، Fiat brand Chief Executive Officer،  announced that Stellantis NV، the multinational automotive manufacturing corporation formed by the Italian–American conglomerate Fiat Chrysler Automobiles and the French PSA Groupl is planning to add green car Fiat Panda-inspired model for less than €25،000 ( $27،347) which will be unveiled in July 2024 to take on Renault’s Dacia Spring electric vehicle and Chinese carmakers such as BYD as consumers look for more affordable EVs.

Stellantis to intruduce a second lower-priced green car Panda

Stellantis NV is planning to intruduce a second lower-priced green car Panda to its arsenal to compete with Renault SA and Chinese carmakers such as BYD as consumers look for more affordable electric vehicle EVs، stated Olivier Francois، Fiat brand Chief Executive Officer.

Bloomberg mentions that Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 on the basis of a 50–50 cross-border merger between the Italian–American conglomerate Fiat Chrysler Automobiles and the French PSA Group and its headquartered is in Amsterdam، Holland.

Stellantis new green car، Fiat Panda، for less than €25 thousand

Stellantis confirmed that the new green car، a no-frills Fiat Panda-inspired model for less than €25 thousand ( $27،347)، will be unveiled in next July to compete with Renault’s Dacia Spring and Chinese carmakers such as BYD، Fiat brand Chief Executive Officer Olivier Francois said in an interview.

The new EV Stellantis، a no-frills new green car Fiat Panda-inspired model for less than €25،000 ($27،347)، will be unveiled in July 2024 to take on Renault’s Dacia Spring، Fiat brand Chief Executive Officer Olivier Francois said in an interview and added that there’s a real need for more affordable EVs. 

Stellantis also plans to start selling a city green car 

Stellantis، the parent company of Fiat، also plans to start selling an green car city car from its French brand Citroen priced below €25،000 early next year to be able to compete with other EVs. 

That green car، an e-C3 by Stellantis، will be made in Slovakia to keep a lid on costs and better compete with the Dacia Spring that’s assembled in China and the upcoming all-electric made-in-France Renault 5. 

Carmakers battle to retain mass-market buyers

The Stellantis plan comes as carmakers battle to retain mass-market buyers، who have seen their spending power diminished by inflation and with Chinese carmakers entering Europe’s market، the pressure to deliver affordable green car or EV is increasing. 

Fiat also plans to reintroduce its most popular product، the electric 500، in the US، Stellantis’s biggest profit pool but for the new green car Panda،  it’s very likely that there will be synergies with the platform used for the new Citroen e-C3.