Legacy Auto Giants GM, Stellantis Plan To Fend Off Chinese EV Threat With $25K Electric Jeep, 'Most Affordable' Revived Bolt
Portfolio Pulse from Anan Ashraf
Legacy automakers Stellantis and General Motors are planning to introduce more affordable electric vehicles in the U.S. to counter the growing threat from Chinese EV manufacturers. Stellantis aims to launch a $25,000 electric Jeep, while GM plans to reintroduce the Chevrolet Bolt by 2025. This move is driven by the increasing competition from Chinese and South Korean automakers.
May 30, 2024 | 7:30 am
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General Motors plans to reintroduce the Chevrolet Bolt by 2025, aiming to make it the most affordable EV on the market.
GM's plan to reintroduce the Chevrolet Bolt as an affordable EV is likely to enhance its competitive position and drive sales, positively impacting its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Stellantis plans to introduce a $25,000 electric Jeep and aims to launch eight battery electric vehicles in the U.S. by the end of 2024.
Stellantis' plan to introduce a $25,000 electric Jeep and multiple new EVs is likely to boost its market share and revenues, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Rivian plans to launch its R2 SUV, priced at $45,000, in early 2026.
Rivian's plan to launch the R2 SUV is significant but will not impact its stock price in the short term as the launch is scheduled for 2026.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Tesla plans to introduce more affordable models in the latter half of 2025.
While Tesla's plans for affordable models are noteworthy, the impact on its stock price in the short term is neutral as the launch is still a few years away.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 50