Stellantis to Boost European EV Production with Leapmotor, Expanding Plant Output and Affordability
Summary
Stellantis and Leapmotor are significantly expanding their strategic partnership, which includes increasing production at Stellantis' Zaragoza plant to manufacture a new Opel C-SUV BEV (potentially 2028) and Leapmotor's C-SUV B10 (potentially 2026). The collaboration will leverage the Leapmotor International (LPMI) ecosystem for components to enhance EV affordability and expand joint purchasing initiatives. Furthermore, the plan reinforces the future of Stellantis' Villaverde, Madrid plant by allocating future Leapmotor products for European and global markets, with a potential ownership transfer to LPMI's Spanish subsidiary from H1 2028. This move underscores Stellantis' commitment to its EV strategy, aiming to boost European EV production, improve cost competitiveness, and accelerate time-to-market for new models. This follows the company's strong Q1 2026 financial results, indicating continued strategic execution.
At the time of this announcement, STLA was trading at $7.49 on NYSE in the Manufacturing sector, with a market capitalization of approximately $28.2B. The 52-week trading range was $6.28 to $12.22. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.