Stellantis will build electric cars at the plant in Serbia

Stellantis has announced that it will build a new electric car at its plant in Kragujevac, Serbia. A new electric model will replace the production of the Fiat 500L minivan and will go into production in 2024.

Stellantis CEO Carlos Tavares and Serbian President Aleksandar Vucic have signed an agreement for a € 190 million investment in the production of electric vehicles at the Serbian plant.

The new electric vehicle, which has not yet been named, will go into production in early 2024, Stellantis said. Another electric car could be added at a later date, the company said.

Stellantis did not provide further details on which vehicle will be built in Serbia, but Tavares said the platform would fit perfectly with the vehicles in the mini and compact segments.

“This new platform for electric vehicles will fit perfectly with models in the A, B and C segments and will improve the efficient solutions for the urban mobility of our brands,” said Tavares.

Stellantis could build electric Panda model in Serbia

According to the press, the second electric model that could be added to the factory would be an electric version of the Panda model.

Stellantis is creating four new platforms that will underpin electric vehicles. Its platforms for small and medium electric vehicles will be used mainly by Citroen, DS, Fiat, Lancia, Opel and Peugeot. The larger platforms will be designed for Alfa Romeo, Chrysler, Dodge and Jeep models, while the STLA Frame platform will be used for Ram and Jeep vehicles.

The investment will help Stellantis, which was formed by the merger of Fiat Chrysler Automobiles and Peugeot PSA Group, achieve its goal of selling only battery-powered electric cars in Europe by the end of this decade, Stellantis said.

Fiat has said that its range of models will only become electric between 2025 and 2030.

Serbia owns a 33% stake in the factory, which previously built Yugo cars by Zastava Automobili.

Vucic said Serbia, which has not yet produced electric cars, will have to consider opening many charging stations to attract local buyers, as well as adopt a new energy strategy.

“We need to provide cheaper electricity and to do that we need to have more renewable energy,” Vucic said.

Automotive Cells Company (ACC), a joint venture between Stellantis, Mercedes-Benz and TotalEnergies, plans to build a battery factory in Italy for growing demand for electric vehicles.

Source: Automotive News Europe

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