"Global Automakers Unite: Stellantis and Leapmotor Strengthen Electric Vehicle Partnership In a significant move to bolster their electric vehicle (EV) offerings, 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 will see the launch of a new Opel electric SUV, marks a significant step towards reducing costs and increasing production capacity for EVs. As part of the deal, production will be expanded at Stellantis' Spanish facilities, while the companies will also integrate their purchasing operations to drive down EV costs and improve efficiency. The move is a testament to the growing importance of EVs in the global automotive market and the need for manufacturers to collaborate in order to stay competitive."
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.
