A factory worker prepares an all-new Fiat Grande Panda in the assembly hall of the Stellantis factory in Kragujevac, Serbia, Monday, July 22, 2024. KRAGUJEVAC, 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. The plant is seen as a generator of growth for the entire region. 'This is a huge opportunity for us.