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Those models are NOT on the smaller nor cheaper side, and burn fossiel fuel. I don't see how this would help them compete against small and cheap EVs.
This model makes slightly more sense, but still burns fossiel fuel.
Still looks like stellantis is going to produce less EVs, multiply the number of models/assembly lines. It's not obvious how that'd help compete with cheap chinese EVs or reach economy of scale. Please try producing SMALLER and cheaper EVs models with less connected/electronic gadgets, to cather to those who care about pollution and their budget, not so much about expensive shiny gadgets.
That's the magic: it won't.
I'm under the impression the companies would rather mop up all quick profits they can right now and then die than committing to new technology and realities that would allow them to still exist in 5+ years time.