The Citroën e-C3 will have a range of 320 km and a “quick charge” capacity of 57 minutes.
Automotive manufacturer Stellantis NV (BIT: STLAM) is set on a statement The first affordable European-made electric car, the new Citroen EC3 By mid-October.
According to the brand CEO (CEO) of Citroën and Stellantis, Head of Sales and Marketing, Thierry Koskas, the electric vehicle (EV) will sell for less than 25,000 euros, which is roughly $27,400. With this price tag, Stellantis is geared toward countering lower-cost Chinese brands hitting the European market.
Chinese automakers usually focus on larger electric vehicles, but they’ve recently started offering smaller, cheaper models to Europe to gain traction.
On the French market today, the most affordable electric cars are the Chinese-made Renault Dacia Spring and Renault Twingo Electric, priced at €21,000 ($22,806) and €25,000, respectively. Meanwhile, the Twingo will be discontinued by the middle of 2024. Compared to these two models, the Citroën e-C3 is a larger city car that sells for less or about the same price.
Stellantis has made efforts to capitalize on an electric vehicle business that is largely dominated by Chinese manufacturers. So far, she has registered Impressive results.
Last month, the automaker announced it was adding nine new electric batteries to its lineup for 2023. By the end of 2024, Stellantis plans to have a total of 47 battery EVs while Citroën plans to electrify its total lineup at the same time. In the year 2022, Stellantis cooperated With a car call service provider Uber Technologies Inc (NYSE:UBER) to take over the electric vehicle market in France.
Uncertainty in Stellantis and EV Support EV
Electric vehicles are typically much more expensive than their fossil fuel counterparts. European car manufacturers are always trying to come up with cheaper models which are encouraged by government subsidies.
A clear example of this is France, which plans to subsidize electric vehicles produced in Europe, arguing that they have a lower carbon footprint than imported models. There is also an upcoming social rental program that will offer these electric vehicles to poor families for around $100.
Information from some sources has hinted that this support may be released by October for cars that will be delivered by next year.
The Citroën e-C3 will have a range of 320 km and a “quick charge” capacity of 57 minutes. It is built on the “smart car” architecture of Stellantis launched in India and Latin America. The electric vehicles will be assembled in Slovakia as it prepares for its official launch in the second quarter of next year.
It is likely that the e-C3’s battery will be produced in China, and this raises the question of whether the Citroën car could be covered by subsidies, given that one of its vital parts is from China. All along, China has successfully led the electric vehicle market, but Volvo Cars CEO Jim Ruan believes that story is over.
the next
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications of blockchain technology and innovations to drive public acceptance and global integration of the emerging technology. His desires to educate people about cryptocurrencies have inspired his contributions to popular blockchain-based media and websites. Benjamin Godfrey is a fan of sports and farming.
