Stellantis is a 20% stakeholder in Leapmotor's joint venture, Leapmotor International. The joint venture will exclusively handle building, exporting, and selling Leapmotor products outside China, aiming to penetrate global markets.
Manufacturing costs at Stellantis plant in Poland for Leapmotor vehicles are estimated at 400-500 euros per vehicle, in line with costs in China, while production in Italy would be significantly more expensive at 1,000 euros per vehicle.
Despite Stellantis and Leapmotor intending to sell EVs in markets like India, Stellantis CEO Carlos Tavares has expressed concerns about the impact of Chinese EVs on the Italian and European markets, prompting restructuring efforts mainly in North America.
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