Stellantis eyes No. 1 EV spot in Singapore

4 days ago 32

SINGAPORE – Euro-American automotive giant Stellantis is confident of becoming the best-selling electric car group here.

Formed in January 2021 and comprising 14 brands such as Peugeot, Opel, Fiat, Chrysler, Jeep and Citroen, the group expects to achieve that goal “in two to three years”, its regional head told The Straits Times.

Mr Christophe Musy, Stellantis head of Asean and Oceania, said during an interview here last week that he expects to beat Tesla to the electric vehicle (EV) pole position. But at the moment, he might have to contend with another EV brand.

In the first eight months of 2022, China’s BYD was the top seller here with 479 electric cars registered, according to Land Transport Authority figures, followed by Tesla with 412 units, and BMW with 247.

BYD is expected to slow down once its fleet sales to private-hire operators are fulfilled towards the end of the year. Tesla should then regain its No. 1 spot.

“I respect Tesla as a competitor, but look at its prices,” said Mr Musy, referring to the $300,000 segment in which the American brand’s cars are priced.

Stellantis’ products are nearly half that price, although they are smaller and nowhere as powerful.

Peugeot, Opel and Fiat – currently the only Stellantis brands here with an EV presence – registered only a total of 11 cars in the first eight months. Opel and Peugeot had just launched their first electric cars here, while Fiat’s solitary registration is from a parallel importer.

Mr Musy said things will change quickly, with more models in the pipeline. “We have eight EVs today, but we will have 28 more over the next two years, with 18 to 20 of them for Singapore,&rdquo...

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