Jeep maker reveals plans for a new ‘groundbreaking’ EV that will start at under $18,000
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- Stellantis announced its “E‑Car” project, a small, affordable electric vehicle to be produced at the Pomigliano plant in Italy, with production beginning in 2028.
- Stellantis said the new EV will be priced at roughly €15,000 ($17,500), placing it under the $18,000 threshold.
- Stellantis expanded its partnership with China’s Leapmotor and plans to build two Peugeot and two Jeep new‑energy models in China for export from 2027.
- Stellantis expects the low‑cost EV to create significant production volumes and boost European manufacturing jobs, supporting broader EV adoption.
- BYD executive Stella Li told Bloomberg that BYD is in talks with Stellantis to acquire underutilized European plants, highlighting competition in the low‑cost EV market.
Why it matters: European workers at Stellantis’ Pomigliano plant stand to gain full employment as the €15,000 EV goes into production in 2028, while budget‑conscious buyers get a sub‑$18k car, tightening competition for BYD’s low‑cost EV push.
