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Barchart
Pathikrit Bose

Stellantis Is Betting on New, Affordable EVs. How to Play STLA Stock Here.

Stellantis Euro Antonio Filosa electric vehicle Jeep STLA Peugeot Citroen FIAT Ford

Stellantis (STLA), the multinational automaker formed after the 2021 merger of Fiat Chrysler Automobiles and France's Groupe PSA, has unveiled six new concept cars ahead of the Paris Motor Show that will run from Oct. 12 to 18. Stellantis, which is known worldwide for its wide range of popular cars such as Jeep, Peugeot, Citroen, and Alfa Romeo, is looking to gain market share in Europe with these launches amid brutal competition from Chinese players.

However, the irony is that China remains a crucial component of Stellantis's strategy, as the company will have to work closely with its Chinese partners. In fact, two models from its Chinese partner, Leapmotor, will also form part of the aforementioned lineup.

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