Vehicle manufacturer Stellantis (NYSE:STLA) has debuted the all-electric Jeep Avenger at the Paris Motor show. The model is expected to double the company’s annual Europe sales.
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While the model is fully electric, in some regions it will be sold with combustion engines. Importantly, the company hopes to attract new-age shoppers with this model.
In another development, EV maker Fisker’s (NYSE:FSR) CEO Henrik Fisker has noted that the company is looking to set up manufacturing in the U.S. and expects to churn out Ocean SUV in the U.S. by 2024.
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