Jeep and RAM proprietor Stellantis plans to launch an reasonably priced EV subsequent yr because it seems to fend off incoming competitors from China.

The low-cost electrical automobile will probably be launched by Citroën, certainly one of 14 manufacturers underneath the Stellantis umbrella, which incorporates Jeep, Dodge, RAM, Alfa Romeo, Fiat, and Maserati, to call a couple of.

Stellantis plans to start promoting the brand new Citroën reasonably priced EV, the e-C3 metropolis automobile, early subsequent yr with a beginning value of round $27,000 (€25,000). With over 186 miles (300 km) vary, the Citroën e-C3 metropolis automobile will compete in opposition to the Chinese language-made Dacia Spring (€21,000), the upcoming Renault 5 EV, and a number of other lower-priced electrical automobiles imported from China.

In keeping with the model’s newly appointed CEO, Theirry Koskas (by way of Bloomberg), talking with journalists:

Citroën has a historical past of constructing reasonably priced automobiles and it’s function now’s to make electrical mobility accessible to all. There isn’t a equal to this automobile right this moment.

Europe is seeing the urgency in producing reasonably priced EVs as China-built fashions proceed to take over the area.

Within the first quarter, Chinese language EV imports greater than tripled in Germany, a market identified for being an auto trade powerhouse. From January to March, 28% of all EVs imported into Germany had been from China, up from simply 7.8% final yr.

The transfer by Stellantis follows Volkswagen, who has additionally launched plans for its most reasonably priced EV up to now, the ID 2all, beginning round $27,000 (€25,000).

Citroën is aiming for a 5% market share in Europe, up from 3.7% final yr, in line with Koskas. Its new e-C3 metropolis automobile will probably be in-built Slovakia and launched early subsequent yr.

The French automaker additionally plans a brand new electrical SUV, codenamed CR3, to interchange the present C5 Aircross. Stellantis CEO confirmed it might be 100% electrical and not going provided in different variants.

Citroën’s new electrical SUV will probably be certainly one of a number of launched over the following yr. Stellantis is releasing its first electrical pickup within the US, the 2025 RAM 1500 REV. In the meantime, there are plans to open reservations for the primary Jeep EVs in North America, the Recon and Wagoneer S, later this yr.