Stellantis' Jeep brand adds cheaper plug-in hybrid to 4xe lineup

Published 05/04/2023, 19:16
© Reuters.
STLA
-

By Michael Elkins

Stellantis NV (NYSE:STLA) owned Jeep revealed their 2024 Wrangler portfolio at the New York International Auto Show on Wednesday. The list included a collection of off-roaders with new capabilities and features, including another plug-in hybrid electric vehicle (PHEV).

Jeep that said it will add the 2024 Jeep Wrangler Sport S 4xe to its lineup, an entry level plug-in hybrid that could help maintain its top PHEV sales spot.

PHEVs are a part of Stellantis’ strategic plan to boost sales of electrified vehicles and cut its global footprint 50% by the end of the decade. Stellantis has said by the end of 2025, the entire North American Jeep brand lineup will be electrified. By 2030, 50% of Jeep brand sales in the United States will be battery-electric vehicles and 100% of Jeep vehicles in Europe will be fully electric.

The 2024 Jeep Wrangler Sport S 4xe is the lightest in the lineup with a curb weight of 5,049 pounds, and comes equipped with a 2.0-liter inline four-cylinder engine with an eTorque belt-start generator/motor and integrated transmission traction motor producing 375-horsepower and 470-pound-feet of torque. The Sport S will have 21 miles of all-electric range and 49 MPGe.

In all, Jeep will offer five 4xe trims: the Sport S, Willys, Sahara, Rubicon and High Altitude. While Jeep didn’t release any pricing information yet on any of the trims, the brand has said that the Sport S will be the entry level 4xe option. In 2023, the cheapest 4xe was the Willys with a base price of $54,735.

The company said that ordering is open now and vehicles will start to arrive in U.S. Jeep dealerships later in 2023.

Shares of STLA are down 2.25% in afternoon trading on Wednesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.