"Global Electric Vehicle Alliance Takes a Leap Forward: Stellantis and Leapmotor Strengthen Partnership In a significant move to accelerate the adoption of electric vehicles (EVs), Stellantis, the parent company of iconic brands such as Opel and Peugeot, has announced a major expansion of its joint venture with Chinese EV manufacturer Leapmotor. The partnership, which aims to reduce EV costs and increase market share, will see the introduction of a new Opel electric SUV, as well as the expansion of production in Spain. By integrating purchasing operations, the two companies hope to achieve significant cost savings, further solidifying their position in the rapidly evolving EV market. As the global auto industry continues to shift towards electrification, this partnership is set to play a crucial role in shaping the future of sustainable transportation."
Stellantis and China's Leapmotor will deepen their joint venture with a new Opel electric SUV, expanded production in Spain, and integrated purchasing to lower EV costs.
