Stellantis Halts Fiat 500e Production in Italy for Four Weeks
The automaker cites low demand and challenges in the European EV market, planning upgrades and hybrid models to boost future sales.
- Stellantis will pause production of the electric Fiat 500 at the Mirafiori factory in Turin, Italy, starting Friday, due to insufficient demand.
- The company attributes the production halt to broader difficulties in the European electric vehicle market, including reduced incentives and rising competition.
- Stellantis plans to invest 100 million euros ($110 million) in the Mirafiori plant to upgrade the Fiat 500e with a higher-performance battery and introduce a hybrid version between 2025 and 2026.
- The Fiat 500e, which starts at approximately 25,000 euros in Italy, faces stiff competition from other affordable EVs with better range and features.
- The European Union has imposed tariffs on Chinese-made EVs to counteract growing competition, while automakers like Stellantis are adjusting their strategies to manage the transition to electric vehicles.