Stellantis is making profits on electric cars in Europe, according to Carlos Tavares, its chief executive—who said that American BEVs were also projected to make a profit.
Tavares said the company was going head to head against Tesla in Europe, and had already passed the American electric car maker to reach Europe’s second place in EV sales. He mentioned that the Citroën e-C3, which is to sell for €23,300 (around $25,000), would make a profit despite its low price.
Tavares also said that Stellantis would sell Leapmotor’s Chinese EVs in Europe after buying a 20% stake in the company and negotiating exclusive rights to sell the cars outside of China. Tavares appeared to claim that making cars in China cut costs by around 30%.
David Zatz started what was to become the world’s biggest, most comprehensive Mopar site in 1994 as he pursued a career in organizational research and change. After a chemo-induced break, during which he wrote car books covering Vipers, minivans, and Jeeps, he returned with Patrick Rall to create StellPower.com for daily news, and to set up MoTales for mo’ tales.
David Zatz has around 30 years of experience in covering Chrysler/Mopar news and history, and most recently wrote Century of Chrysler, a 100-year retrospective on the Chrysler marque.
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