Stellantis announced on May 8 that it will expand its partnership with China’s EV maker Leapmotor, adding production of Leapmotor’s B10 model and a jointly developed electric C-SUV under the Opel brand at its Zaragoza plant in Spain. The owner of Jeep and Peugeot will also cooperate with Leapmotor on parts purchasing as part of the deepened collaboration.
Production Expansion Details
The Zaragoza facility in Spain will become a key production hub for the expanded partnership. The companies are also considering assigning additional Leapmotor models to Stellantis’ Villaverde plant near Madrid beginning in 2028, according to Reuters.
Joint Venture Ownership Structure
The companies may transfer ownership of the Villaverde site to Leapmotor International, their Stellantis-led joint venture, as part of the long-term arrangement.
Strategic Context
The expansion reflects Stellantis’ strategy to leverage Chinese EV technology and production expertise in Europe. The choice of Spain as a production location allows Stellantis to manufacture vehicles within the European Union, enabling the company to circumvent tariffs on EVs imported from China while utilizing existing European factory capacity to serve the broader European market.
According to CEO Carlos Tavares, the Leapmotor venture could serve as a template for future collaborations with other Chinese automakers, signaling a broader shift in how established Western carmakers are partnering with Chinese companies to develop competitive lower-priced EV offerings in Europe.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Miner Cango Produces 230.04 BTC in April, Reserves Hit 1057.46
According to Cango's April operational update, the Nasdaq-listed bitcoin miner produced 230.04 BTC with an average cash cost of $68,061 per coin. As of April 30, the company's bitcoin reserves rose to 1057.46 BTC.
Cango's total operating hashrate reached 31.58 EH/s, comprising 20.43 EH/s from
GateNews9m ago
Nintendo Raises Switch 2 Price to $500 Amid Cost Pressures
Nintendo will raise the global price of the Switch 2 to US$500 from US$450, citing pressure on profitability from tariffs and higher memory, materials, shipping, and logistics costs, according to Bloomberg. The company forecast operating profit of 370 billion yen (US$2.36 billion) for the year
CryptoFrontier21m ago
Bank of America: S&P 500 Headed for Fourth Consecutive Year of Double-Digit Gains; Materials Sector Next to Rally
According to Bank of America's Michael Hartnett team on May 8, the S&P 500 is on track for a fourth consecutive year of double-digit gains, a historically rare occurrence. The index is currently posting an annualized gain of approximately 20%. Hartnett and his team predict materials stocks will
GateNews33m ago
U.S. Crypto-Linked Stocks Show Mixed Pre-Market Moves on May 8; CRCL Up 1.48%, COIN Down 2.14%
According to msx.com data, crypto-linked U.S. stock futures showed mixed moves in pre-market trading on May 8. CRCL rose 1.48%, MSTR gained 0.92%, and ABTC climbed 0.86%, while COIN fell 2.14% and SBET
GateNews52m ago
Bitcoin Miner Core Scientific Reports Q1 Revenue of $115M, Net Loss of $347M
According to Odaily, Bitcoin mining company Core Scientific reported Q1 2026 total revenue of $115 million and net loss of $347 million. Bitcoin network average hashrate reached 970.8 EH/s this week (May 1-7), up 2.67% from the prior week's 945.5 EH/s, according to Cloverpool. Bitcoin
GateNews52m ago
HKEX Takes Disciplinary Action Against Aoyue Group Over Outdated Financial Forecast; Profit Misses Forecast by 64.4%
According to HKEX, the Hong Kong Exchanges and Clearing has taken disciplinary action against Aoyue Group Limited, six directors, and two senior management members for submitting outdated financial forecast data during its listing application. The company's 2022 fiscal year profit forecast
GateNews1h ago
