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.
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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