Mobility

Stellantis to make electric cars from 2024 in Kragujevac in Serbia

Stellantis electric cars 2024 Kragujevac Serbia

Photo: Office of the President of the Republic of Serbia

Published

April 28, 2022

Country

Comments

0

Share

Published:

April 28, 2022

Country:

Comments:

0

Share

Stellantis will start manufacturing its electric car Fiat Panda in 2024 in the city of Kragujevac at the plant of its subsidiary FCA Serbia. The company was established last year through a merger of Italian-American firm Fiat Chrysler Automobiles and the French PSA Group.

The Ministry of Economy of Serbia and FCA Serbia (Fiat Chrysler Automobiles Srbija) today reached an agreement on awarding incentives. The contract was signed by Minister of Economy Anđelka Atanasković and Chief Executive Officer of FCA Serbia and Head of the Global Corporate Office of Stellantis Silvia Vernetti Blina.

Before the ceremony, Serbian President Aleksandar Vučić met with the representatives of the management of Stellantis led by Chief Executive Office Carlos Tavares. Vučić said that Serbia signed a deal on financing the production of an electric car in Kragujevac. The transitional period will last through 2023 and the production of a model will begin already in 2024, he underscored and revealed it will be Fiat Panda.

The contract is for an investment of EUR 190 million

The contract with Stellantis is for an investment of EUR 190 million, and Serbia will provide EUR 48 million, he said, according to the president’s PR office.

Vučić stressed the key question is no longer how many people will be employed, but how many people that can keep up with state-of-the-art technologies will there be in Serbia.

Tavares: We will be proud when electric vehicles get off the conveyor belt in the next several years

“The information that Stellantis will have a bit fewer than 80 or 100 new models by 2030 is also very important. It is completely clear to you what kind of a revolution is in the making in the automotive market,” Vučić pointed out.

Stellantis’s CEO Carlos Tavares said the contract with Serbia is a clear and concrete move toward a successful transformation of the firm and the switch to the new technology.

“We will be proud when electric vehicles get off the conveyor belt in the next several years,” Tavares stated.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

EBRD reiterates commitment to Western Balkans decarbonization

EBRD reiterates commitment to Western Balkans decarbonization

27 February 2024 - EBRD intends to expand its activities in the Western Balkans, but it warned that private investment and EU funding imply reforms

sarajevo urban mobility MOBILITIES for eu project

Sarajevo to develop green mobility as part of group of European cities

22 February 2024 - Together with Madrid, Dresden, Ioannina, Trenčín, Espoo and Gdańsk, the capital of BiH strives to reduce pollution and improve citizens' health

project 3 mobility mobileye autonomous vehicle

P3, Mobileye to cooperate on autonomous vehicles: testing planned in Zagreb in 2024

14 February 2024 - Mobileye, a global leader in autonomous driving solutions, and P3 have announced a collaboration to explore a new mobility service

project 3 mobility rimac

Project 3 Mobility secures EUR 100 million for autonomous electric robotaxi

08 February 2024 - Croatian start-up Project 3 Mobility was set up by Mate Rimac, founder and CEO of Rimac Automobili, and Rimac Group