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Stellantis

Stellantis

Multinational automaker

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Stellantis expands Leapmotor partnership to build Chinese EVs in Spain

Money Moves

Pivoting EV strategy from internal builds to Chinese partnership

Stellantis spent roughly $26 billion trying to build its own electric vehicles. It is now letting a Chinese partner build them instead. The Jeep and Peugeot owner will manufacture Leapmotor's B10 SUV at its Figueruelas plant in Zaragoza starting in 2026, and a second Leapmotor model at its Madrid plant from 2028.

Updated Yesterday