Stellantis CEO Carlos Tavares speaks during a ceremony as Stellantis launches the production of Fiat Panda in Kragujevac, Serbia, July 22, 2024. REUTERS/Zorana Jevtic
Serbian President Aleksandar Vucic speaks during a ceremony as Stellantis launches the production of Fiat Panda in Kragujevac, Serbia, July 22, 2024. REUTERS/Zorana JevticKRAGUJEVAC, Serbia : Stellantis is ready to"fight" for its place in Europe's electric vehicle market against strong competition from Chinese carmakers, its CEO Carlos Tavares said on Monday, as the group presented its new EV production line in Serbia.
Serbia, which is pushing to become a key European supplier of more sustainable row materials, batteries and electric vehicles, signed a 190 million euro deal with Stellantis in 2022 for the production of an electric vehicle at its car manufacturing plant in Kragujevac."This is a huge opportunity for us. We are the only country in the Western Balkan region that has electric production," Serbian President Aleksandar Vucic said at a ceremony to present the new production line.