Stellantis Plans Sub-€25,000 Panda EV to Take on Renault, BYD
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Stellantis NV is planning to add a second lower-priced electric vehicle to its arsenal to compete with Renault SA and Chinese carmakers as consumers look for more affordable EVs.
The new EV — a no-frills 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.