The reduction in the price of Tesla, the main electric car or EV firm, due to the drop in sales has led other companies in the sector to do the same. For this reason, Stellantis Br presents a line of cheaper electric vehicles and it will be made for delivery in the next two years according to Kirk O’Neil of The Street.
Tesla saw third-quarter deliveries fall below market estimates, prompting Elon Musk’s company in early October to reduce the Model 3’s list price from $40,240 to $38,990 and the leading in its industry. , the Model Y, recently dropped from $47,740 to $43,99.
Tesla’s main rival, Ford Motor, already reduced the price of the all-electric Mustang Mach-E by up to $4,000 in May and the F-150 Lightning by nearly $10,000 in July.
Stellantis unveils entry-level electric cars
Stellantis is busy unveiling low-priced entry-level electric cars that it plans to start selling in 2024 to compete with French automaker Renault in Europe, as well as electric vehicle companies in China. Last August, the company said itwouldl introduce a second new entry-level Fiat Chrysler Au-branded electric vehicle in July 2024 that will be priced below 25,000 euros or around $27,390. The company, however, did not say when the car might go on sale in the United States.
The company said in June that it will deliver the new Citroën e-C3 electric car in Europe in early 2024. The Citroën e-C3 is expected to have a range of 300 kilometers on a single charge and will be one of thelowest-pricedd electric cars. in the market. Stellantis has already said it will bring Fiat’s best-selling electric vehicle, the Fiat 500e, to the US market in 2024 to compete against Tesla and the growing US EV market.
The big three automakers presented their affordable electric cars
Stellantis unveiled on October 17 the new and updated all-electric Citroën e-C3, which is the first B-segment or subcompact EV hatchback designed and built in Europe. The new vehicle is now estimated to have a range of 199 miles and will charge between 20% and 80% of its capacity in just 26 minutes. The electric vehicle accelerates from 0 to 62 mph in 11 seconds with a provisional top speed of 84 mph for daily driving and traffic in urban and suburban areas.
The company estimates that the car will be priced below £23,000 ($27,900) in the UK. It is not yet known if the Citroën e-C3 will be launched in the US.
In 2025, Stellantis will offer a Citroën e-C3 with a range of 200 km or 124 miles and a price of 19,990 euros or $21,068, the company said. That price is lower than any new electric vehicle sold in the United States today. General Motors recommends the lowest manufacturer’s suggested retail price for the Chevy Bolt at $26,500, while the 2024 Nissan Leaf has a starting price of $28,140.
The new Citroën e-C3 is available in three versions You, Plus, and Max. Standard equipment on the You version includes LED headlights, Citroën Advanced Comfort Suspension, Active Safety Brake, the new Citroën Head Up Display, ‘My Citroen Play with Smartphone Station’ for infotainment, electric exterior mirrors, automatic lighting, parking rear radar, rear. spoiler, cruise control, manual air conditioning, and six airbags.
Additional features include 17-inch alloy wheels, two-tone Citroën paint with contrasting roof, decorative roof rails, front and rear skid plates, 10.25-inch color touchscreen with smartphone mirror, Citroën Advanced Comfort seats, automatic, electrically folding wiper,s and heated exterior. mirrors, leather effect steering wheel, 60/40 folding second-row seat,s and driver’s seat adjustment.
The premium Max version also features LED taillights, rear privacy glass, improved seat fabrics, automatic air conditioning, 3D navigation, wireless charging, a rear camera, an electrochromic rearview mirror,r, and rear electric windows.
Stellantis Br is trading higher but has a strong gap Thursday afternoon at $19.23. The 70-period moving average is below the candle on Thursday, the RSI fell to 49 points and the MACD lines remain above the price.
