Stellantis, Battled And Bruised, Will Build Chinese EVs In Europe
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Stellantis, Battled And Bruised, Will Build Chinese EVs In Europe
"Stellantis has confirmed that the Leapmotor B10, a higher-volume compact electric SUV, will go into production at its factory near Zaragoza in Spain in the second half of the year. The B10 will join the Open Corsa, Peugeot 208 and Lancia Ypsilon, according to El Periodico de Aragon."
"Stellantis lost over $20 billion last year after it pulled back from its ambitious electric car rollout plan. The all-electric Ram 1500 was canceled, as were all of the group's plug-in hybrid models in the United States, including the popular Jeep Wrangler 4xe."
"That ace is Leapmotor International, a joint venture between Stellantis and Chinese automaker Leapmotor. The tie-up has been selling several models in the past couple of months, and the pint-sized T03 city EV even had a short European production stint, with a handful of units rolling off Stellantis' assembly lines in Tychy, Poland, to circumvent import tariffs."
Stellantis has announced plans to manufacture Leapmotor electric vehicles at its facility near Zaragoza, Spain, beginning in the second half of 2026. The B10 compact crossover will be the first model produced, with three additional Leapmotor EVs joining production in 2027. This move represents a strategic shift for Stellantis, which experienced significant financial losses last year after scaling back its electrification ambitions. The company canceled the all-electric Ram 1500 and all plug-in hybrid models in the United States, redirecting focus to select EV projects. The Leapmotor joint venture between Stellantis and Chinese automaker Leapmotor provides a competitive advantage in Europe's growing EV market, leveraging Chinese manufacturing expertise and cost efficiency.
Read at insideevs.com
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