Stellantis, Leapmotor to move to joint EV production in Europe, deepen partnership
The partners will add Leapmotor and Opel EV production in Spain and seek lower costs through shared parts purchasing and Chinese battery know-how.
- On Friday, Franco-Italian automaker Stellantis and Chinese manufacturer Leapmotor announced plans to expand their partnership from a commercial arrangement to manufacturing cooperation in Europe.
- Stellantis bought a 21% stake in Leapmotor in 2023, forming a joint venture called Leapmotor International where Stellantis holds a 51% stake and Leapmotor holds 49%.
- Production of the Leapmotor B10 SUV and a new jointly developed electric C SUV under the Opel brand will begin at the Stellantis Zaragoza plant in Spain.
- Purchasing auto parts through LPMI will allow the groups to benefit from combined scale and established Chinese know-how in electric vehicle technology, the company said.
- Allocating new Leapmotor models to the Stellantis Madrid plant from 2028 is under consideration, with the potential to transfer the site's ownership to LPMI.
32 Articles
32 Articles
On Friday 8 May, the automotive group Stellantis officially announced its intention to open its two Spanish factories to its Chinese ally Leapmotor. According to the project, Leapmotor would produce, from this year onwards, its B10 car in the factory in Zaragoza and a SUV under the Opel brand.
Automotive group Stellantis plans to transfer part of a factory in Spain to its Chinese partner Leapmotor. Both companies have been working together in a joint venture for several years and now also want to develop new electric models together for the European market. It is the first time that a major European car manufacturer has intensified its collaboration with a Chinese partner so significantly to strengthen its offering in the domestic mar…
Stellantis and Leapmotor want to expand their cooperation. Opel will also benefit from this.
Stellantis has announced an extension of its production plans in Spain, with the forecast to manufacture Leapmotor models in its Villaverde plant (Madrid), in which only Citroën C4 and C4 X are already manufactured. This would not be the only agreement of the group with the Chinese brand, which plans to produce a new 100% electric SUV vehicle of the Opel brand in the plant of Figueruelas (Zaragoza). Both projects would not materialize until the …
Stellantis and Zhejiang Leapmotor Technology (Leapmotor) intend to further strengthen their strategic partnership, based on the results of the investment in Leapmotor and...
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