TECH - Legacy Auto Giants GM Stellantis Plan To Fend Off Chinese EV Threat With $25K Electric Jeep 'Most Affordable' Revived Bolt | Benzinga
Electric vehicles are about to get a whole lot more affordable in the United States, as both Stellantis NV‘s (NYSE:STLA) iconic Jeep brand and Detroit-based General Motors (NYSE:GM) prepare to shake up the market amid the impending Chinese threat closing in on American shores.
What Happened: Jeep plans to bring a $25,000 electric offering soon, a price point Stellantis CEO Carlos Tavares believes is within reach as the company is already selling cheaper EVs in other parts of the world.
“In the same way we brought the 20,000 Euro Citroen e-C3, you will have a $25,000 Jeep very soon,” he said on Wednesday at a Bernstein investor conference. “We are using the same expertise because we are a global company and this is totally fluid across the engineering world of Stellantis.”
Currently, the Fiat 500e holds the title of Stellantis’ most affordable EV in the U.S., priced around $32,500.
Stellantis Ramps ...