Stellantis and Leapmotor Deepen Partnership to Build EVs in Spain
Stellantis and Leapmotor plan to add electric vehicle production at two Spanish plants and expand joint purchasing to boost affordable EV output.
21%
850+
40,000
What Happened
Stellantis and Leapmotor today announced plans to deepen their strategic partnership, building on their existing joint venture Leapmotor International. The expansion includes adding production lines at Stellantis' Zaragoza and Villaverde plants in Spain for both Opel and Leapmotor models, as well as joint purchasing initiatives to drive down costs and speed up time-to-market for new EVs.
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Potential start of new Opel C-SUV and Leapmotor vehicle production in Spain
- Adding a new line at Zaragoza for an all-new Opel C-SUV BEV and Leapmotor's C-SUV B10
- Expanding joint purchasing through LPMI to leverage Chinese NEV ecosystem and European supply chains
- Reinforcing Villaverde plant by allocating a new Leapmotor vehicle and potential ownership transfer to LPMI's Spanish subsidiary
“This plan to expand our successful partnership with Leapmotor – a trusted peer and one of the fastest-growing, most respected new energy vehicle producers globally – is a true win-win for both of us.”
Why this matters
The partnership expansion could increase the availability of affordable electric vehicles in Europe by combining Leapmotor's cost-efficient technology with Stellantis' manufacturing scale and established brands.
Terms in This Story
- BEV
- Battery Electric Vehicle, a vehicle powered solely by electricity stored in a battery.
- C-SUV
- Compact Sport Utility Vehicle, a smaller SUV category.
- LPMI
- Leapmotor International, the joint venture between Stellantis (51%) and Leapmotor (49%) for sales and manufacturing outside Greater China.
- New Energy Vehicle (NEV)
- A Chinese term for vehicles using alternative energy sources, including battery electric, plug-in hybrid, and fuel cell vehicles.
Summarised from the linked release; details can be imperfect — always verify against the original source.