Stellantis, the parent company of major automakers including Opel and Peugeot, is set to take a significant step forward in its electric vehicle (EV) ambitions with a major expansion of its joint venture with Chinese startup Leapmotor. The two companies will collaborate on the production of a new Opel electric SUV, marking a significant boost to the brand's EV offerings. Moreover, the partnership will also see an increase in production capacity at Stellantis' Spanish plants, enabling the company to meet growing demand for electric vehicles in Europe. By integrating their purchasing operations, the joint venture aims to reduce costs and make EVs more competitive in the market.
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.
