Stellantis plans to launch cheap electric cars to compete with BYD and Renault

Stellantis NV, the fourth largest global automaker, is planning to launch a new affordable electric vehicle in July 2024, which will compete fiercely with the Dacia Spring from BYD and Renault. According to Olivier Francois, CEO of Fiat Chrysler, the price of this electric car is expected to be below 25,000 euros (approximately 197,000 yuan). Taking inspiration from Fiat's "Panda" model, Francois stated that they urgently need more cost-effective electric vehicles to meet market demand.

In addition, Stellantis also plans to launch the e-C3 electric car produced by Citroën early next year, which will also be priced at less than 25,000 euros. This move will further promote the popularity of electric vehicles and meet the needs of different consumers.

According to the editor’s understanding, Stellantis and South Korean battery manufacturer Samsung SDI plan to cooperate in building a second joint venture factory for electric vehicle batteries in the United States to ensure that A stable supply of electric vehicle batteries. The plant is expected to begin operations in 2027, with an initial production capacity of 34GWh. Stellantis CEO Carlos Tavares said: "This new factory will help achieve our goal of delivering at least 25 new pure electric vehicles to the North American market by 2030."

As global attention to environmental protection and sustainable development continues to increase, the electric vehicle market is facing new opportunities and challenges. As one of the world's leading automakers, Stellantis' investment and commitment in the field of low-priced electric vehicles will positively impact the future automotive industry landscape. Consumers can look forward to the continued emergence of more innovative and affordable electric models, which will drive electric vehicles into more homes and make greater contributions to environmental protection

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