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This article first appeared on GuruFocus<\/a>.<\/p>\n Stellantis (STLA<\/a>, Financials<\/a>) announced a new small electric vehicle project as the automaker<\/a> looks to strengthen its position in Europe’s affordable EV market.<\/p>\n The company said the first vehicles from the E-Car project are expected to begin production in Italy in 2028.<\/p>\n Stellantis said the E in E-Car stands for European, emotion, electric and environmental friendliness. The project is aimed at a segment where automakers are under pressure to offer lower-cost electric models as consumers weigh price, range and charging access.<\/p>\n The move comes as European carmakers face growing competition from Chinese EV manufacturers, which have been expanding with lower-priced electric vehicles.<\/p>\n For Stellantis, the project could help protect market share while supporting its broader electrification strategy.<\/p>\n Investors will likely watch for details on pricing, production volumes and how the new model fits into Stellantis’ long-term EV plans.<\/p>\n<\/p><\/div>\n