A new EV will replace the Fiat 500L minivan and will go into production in 2024. Another electric car might be added at a later date. 

Photo: Cabinet of the President of the RoS/Goll

Stellantis has announced plans to build electric cars in Serbia in the future. According to the group, a new electric compact model will go into production at the Stellantis plant in Kragujevac from mid-2024, replacing the Fiat 500L minivan.

The Ministry of Economy of Serbia and FCA Serbia (Fiat Chrysler Automobiles Srbija) reached an agreement on awarding incentives. The investment is EUR 190 million worth, and Serbia will provide EUR 48 million. The contract was signed by Minister of Economy Anđelka Atanasković and Chief Executive Officer of FCA Serbia and Head of the Global Corporate Office of Stellantis Silvia Vernetti Blina.

Serbian President Aleksandar Vucic underlined that the Stellantis company is set to start producing electric cars in the city of Kragujevac, starting what he said would be a new era.

Before the ceremony, the Serbian President met with the representatives of the management of Stellantis led by CEO Carlos Tavares. President Vučić said that Serbia signed a deal on financing the production of an electric car in an existing plant in Kragujevac. The transitional period will last through 2023 and the production of a model will begin already in 2024, he revealed it will be Fiat Panda.

Stellantis’s CEO Carlos Tavares stated the contract with Serbia is a clear and concrete move toward a successful transformation of the company and the switch to the new technology.

“We will be proud when electric vehicles get off the conveyor belt in the next several years,” Tavares stated.

Stellantis will start the production of the electric car Fiat Panda in 2024 in the city of Kragujevac at the plant of its subsidiary FCA Serbia. The company was established last year through a merger of Italian-American firm Fiat Chrysler Automobiles and the French PSA Group.

Photo: Cabinet of the President of the RoS/Goll