"European Automaker Shifts Gears: Stellantis to Launch Affordable Electric Vehicle in Italy In a move aimed at increasing its competitiveness in the rapidly evolving electric vehicle market, Stellantis, the parent company of iconic brands such as Fiat and Peugeot, has announced plans to manufacture a small, affordable electric vehicle in Italy starting in 2028. The new model will be developed in collaboration with partners, a strategic decision designed to reduce costs and accelerate production timelines. By leveraging the expertise of multiple companies, Stellantis hopes to create a more efficient and cost-effective vehicle that can appeal to budget-conscious consumers. With the European electric vehicle market expected to continue growing in the coming years, Stellantis' new model is poised to play a significant role in the company's efforts to stay ahead of the curve."
Stellantis will build a small, affordable electric vehicle in Italy starting in 2028. It will be developed with partners to cut costs and speed up time to market.
