TURIN, Italy — Fiat will sell the fully electric version of its new Panda model for less than 25,000 euros ($27,000), the head of the Stellantis brand said on Thursday.

The new Fiat Panda, produced in Serbia, joins a group of Stellantis budget electric vehicle (EV) models, including the Citroen e-C3, aimed at making electric mobility more affordable for European customers.

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