The Fiat Panda is ready for a comeback as the most affordable EV on the market. According to multiple reports, Stellantis is planning an entire model family, including a subcompact, an SUV, a possibly another model. The new electric Panda design will be based on the Centoventi, a concept Fiat first unveiled in 2019. Last year the company confirmed the intention of putting the Centoventi into production.

FIAT’s CEO, Olivier Francois, has given a hint that Fiat could name the car after the Panda in an interview with Auto Express. “What is certain is that I now have the option of inventing a new name or going back to a storied name of the past,” Francois said. “I’m leaning more towards the second because we really have these favorable templates, with a lot of satisfied customers.”

The first model of the new e-Panda could arrive as soon as this spring, but prices are still top secret. Rumor has it that FIAT will price the new car well below the electric 500, which starts at around 26.000 Euro. According to Francois, the new cheaper models will play a significant role in the electrification of FIAT’s lineup. The company’s goal is to become a full-electric brand indicatively by 2030. According to Francois, the new Panda is the model that will “awaken the sleeping giant” that FIAT can become in the e-mobility market.