"Stellantis, the parent of 14 American and European car brands including Jeep, Ram, Dodge, Peugeot, and Fiat, is considering expanding its partnership with China's Leapmotor to bring its technology to Europe. The collaboration could potentially involve using Leapmotor's advanced battery and powertrain technology across Fiat, Opel, and Peugeot."
"The electric vehicle era has flipped that playbook. Western automakers are now increasingly seeking China's cutting-edge EV technology. For decades, Western automakers and Chinese companies operated through joint ventures in China with the goal of bringing combustion engine expertise to the massive Chinese car market."
"Stellantis heavily invested in the Chinese automaker back in 2023, acquiring a 20% of the brand for 1.5 billion ($1.7B as of current exchange rates). The American-European conglomerate is already helping Leapmotor sell cars in Europe. Its T03 electric city car and C10 family SUV are available across the continent through Stellantis-owned dealer networks."
Stellantis is considering expanding its partnership with China's Leapmotor to bring advanced EV technology to its European portfolio. The collaboration could involve integrating Leapmotor's battery and powertrain technology across Fiat, Opel, and Peugeot brands. Stellantis already sells Leapmotor vehicles in Europe through its dealer networks and invested $1.7 billion for a 20% stake in 2023. This shift reflects a broader trend where Western automakers now seek Chinese EV expertise, reversing decades of joint venture dynamics. Stellantis faces significant financial pressure, reporting a $23.8 billion net loss partly due to scaling back North American EV ambitions amid policy changes favoring gas vehicles.
#ev-technology-partnership #stellantis-leapmotor-collaboration #chinese-ev-innovation #european-electric-vehicles
Read at insideevs.com
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