Stellantis, Renault race to cut costs to make EVs more affordable

The Citroen e-C3 low-cost EV is aimed at taking on Chinese rivals in the affordable electric car market.

By:

Reuters

February 15, 2024 03:20 PM

Under pressure from Chinese competitors, Stellantis and Renault are pushing hard to cut electric vehicle costs so they can have similar price tags and profit margins as fossil-fuel models.

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