Stellantis, the world's number three carmaker, will unveil its first affordable European-made electric car in mid-October, the new Citroën e-C3, as it gears up to counter the arrival of lower-cost Chinese brands in the European market.
Electric vehicles are more expensive than their fossil-fuel counterparts and European carmakers plan cheaper models encouraged by government subsidies.
The need for more affordable European models has been driven by Chinese EV brands, which are seen as a threat to European carmakers as they can offer cheaper models. "Today there is no equivalent on the market," he said, adding the car"could be a good candidate to respond to the government's request to provide social leasing".
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