The new Citroen e-C3 model will have a range of 320 kilometers and a “fast charge” capability of 57 minutes.
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Stellantis, the world’s third-largest automaker by revenue, will reveal its first affordable electric car built in Europe in mid-October.
The new Citroen e-C3 model will have a range of 320 kilometers and a 57-minute ‘quick charge’, Citroen said. explainThe company said it expects to be available for pre-orders by the end of this year, with deliveries beginning in the second quarter of 2024.
Stellantis said last month it would add Nine New Battery Electric Vehicles Sales will rise this year as the European automaker looks to further penetrate a lucrative market currently dominated by Chinese manufacturers. The company aims to have a total of 47 all-electric vehicles on the market by the end of 2024, a press release in May said.
Citroen itself seeks to electrify its entire range by the end of 2024.
The company reported a 22% year-over-year increase in sales of its Stellantis all-electric vehicle in the first quarter of 2023.
Shares in Stellantis were up 0.2% when the market opened at 8 a.m. London time on Friday.
Stellantis share price.
The International Energy Agency estimated in April that EV sales would top 10 million in 2022, with China accounting for about 60% of the market.
Europe is the second-biggest market for electric vehicles, with sales growing by more than 15% by 2022, the energy regulator said. It predicts EV purchases will climb to 25.9 million by 2028.
China is unlikely to dominate the EV market in the future, Volvo Cars CEO Jim Rowan told CNBC on June 8.
“We’re seeing a lot of new, all-electric brands… popping up in China, and that’s causing it to be a little turbulent, and there’s a little bit of confusion within the market as people jostle and jostle for position,” Rowan said.
“I think it’s proving harder for them to succeed in Europe and the US than in China,” he added.
— CNBC’s Charlotte Reed and Anmar Frangoul contributed to this report.