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The next-generation Fiat Panda is set to be manufactured in Serbia, according to the country’s president. Set to be sold exclusively as an electric vehicle, the 2025 Panda may be unveiled at Fiat’s planned 125th anniversary on July 11, 2024.

While speaking about the car with members of the media, Serbian President Aleksandar Vucic said he expects Stellantis to build it at a factory in Kragujevac, Auto News reports. Vucic’s statement came shortly after a meeting with Italian Prime Minister Giorgia Meloni, although he did not specify a date as to when production of the Panda EV will commence.

Read: This Is What We Know About The 2025 Fiat Panda EV

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Although we’ll have to wait a little while before we see the new-age Fiat Panda in the flesh, we have quite a good idea of what to expect from the new model. Visually, the EV is expected to take a lot of design inspiration from the 2019 Centoventi concept. It should be similar in size to the 2024 Citroen e-C3 and will reportedly adopt a “less-is-more” philosophy and hark back to the first-generation Panda that debuted in 1980.

Jean Francois Hubert/SB-Medien for CarScoops

Underpinning the Panda EV will be the Stellantis Smart Car platform found under the skin of the Citroen e-C3. In that car, a single electric motor is good for 111 hp, allowing it to hit 62 mph (100 km/h) in 11 seconds and an 84 mph (135 km/h) top speed. The small electric Citroen uses a 44 kWh lithium iron phosphate battery pack. We suspect the Panda EV will offer similar performance and could have the same battery, helping to keep costs down while also giving it a range of around 200 miles (320 km), more than enough for the urban city dwellers that are the most likely to buy it.

Pricing details remain unconfirmed but expect it to slot somewhere between the €20,000 (~$21,700) and €25,000 (~$27,100) marks, making it slightly more expensive than the e-C3 but potentially undercutting the likes of the Renault 5 and VW ID.2.

 2025 Fiat Panda EV To Be Made In Serbia, Country’s President Reveals