Shulou(Shulou.com)11/24 Report--

CTOnews.com, Aug. 5 (Xinhua)-- Stellantis NV, the world's fourth-largest automaker, is planning to launch a new cheap electric car that will compete with BYD and Renault's Dacia Spring, according to Bloomberg today. (CTOnews.com note: Dongfeng Nano BOX overseas rebranded model).

Stellantis's Fiat car CEO Olivier Francois, which will sell for less than 25000 euros (currently about 197000 yuan), will be inspired by Fiat's Panda model and will have a 7-moon phase in 2024, according to an interview. "We really need more affordable electric cars."

The picture of ▲ shows Fiat Panda. In addition, Stellantis will start selling Citroen's e-C3 electric car early next year, which also sells for less than 25000 euros.

CTOnews.com previously reported that Stellantis and South Korean battery maker Samsung SDI plan to open a second joint venture plant in the United States to produce electric vehicle batteries, with the goal of starting production in 2027 with an initial capacity of 34GWh. "this new plant will help achieve our goal of supplying at least 25 new pure electric vehicles to the North American market by 2030," Stellantis CEO Carlos Tavares said in a statement.

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