Stellantis’ financial report states that the Fiat brand will become fully electric in Europe starting in 2027.
As part of this strategy, another electric model, currently unknown, will be added to the Italian manufacturer’s product range in 2022 or 2023. The financial report offers no other details about Stellantis’ future plans for the Fiat brand.
The company that, in 2021, the 500e model was the best-selling electric car in the A-segment, which includes mostly small city cars, in 12 countries worldwide. Global sales of small electric vehicles totalled about 44,000 units.
Last year, Fiat’s CEO, Olivier Francois, spoke about plans for the brand’s future. “We are exploring sustainable mobility for all and this is our biggest project. Between 2025 and 2030, our product line will gradually become electric-only. This will be a radical change for Fiat,” he revealed.
In order to implement this project, Stellantis will invest more than $35 billion by 2025 in electrification. Some of the money will be allocated to the Mirafiori plant in Turin, Italy, into the electric vehicle factory. The automaker is also investing money in a facility in Termoli to produce lithium-ion batteries.
Fiat’s plant in Kragujevac is not mentioned in the report.
This post is also available in: Italiano