Stellantis Focuses on Affordable EVs in Europe

Stellantis plans to shift towards producing small, affordable electric cars in an effort to regain its market share in Europe, primarily through the launch of a low-cost electric model known as the "E-Car" in 2028. This vehicle features a modern classic design inspired by the Citroën 2CV. This move is part of its 2030 strategy to compete with Chinese companies and highlights the importance of this transition in strengthening brand identity and meeting the demand for economical vehicles, especially as the European small and affordable car market faces a decline. This step also aims to boost investor confidence and reaffirm the group's ability to compete in the electric vehicle market.

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