Lancia has lain dormant for decades, its extensive engineering and rally racing heritage languishing under the expansive Stellantis empire. Since 2017, the brand has only been selling cars in its home country of Italy, with the aging Fiat 500-based Ypsilon keeping Lancia afloat since 2015. But Stellantis has promised to revitalize Lancia, and the new Ypsilon, revealed in full today, is the first step in that plan. The Ypsilon shares its underpinnings with the latest Peugeot e-208 and Opel Corsa-e, which were among the best-selling cars in Europe in 2023. The Lancia, however, sports distinctive bodywork, with the hexagonal headlights sitting below a wide, gloss black trim piece that contains LED lights meant to resemble the letter Y. Around back, the circular taillights, apparently meant to emulate the iconic Stratos sports car, also incorporate the Y motif. The Ypsilon arrives exclusively as