Stellantis Explores Collaborative Ventures with Chinese EV Manufacturers, Including Leapmotor

Stellantis NV, the second-largest European car manufacturer in terms of sales, is contemplating a potential partnership with a local elektr transport vositasi (EV) producer to strengthen its foothold in the competitive Chinese market, as per recent insights from Bloomberg. This strategic move aims to enhance Stellantis’ market presence in China and align with the rapidly growing EV sector.

The company’s exploration into potential collaborations extends to Xitoy EV ishlab chiqaruvchilar, notably including Leapmotor, according to sources cited in the report. The discussions encompass various avenues, ranging from potential investment in a local EV enterprise to forging business alliances that can strategically propel growth within China’s EV landscape.

E'tiborlisi, Stellantis already operates a joint venture with Dongfeng Motor, focusing on the distribution of Peugeot and Citroen vehicles in China. Biroq, this latest endeavor signifies the automaker’s proactive stance in capitalizing on the expanding EV domain.

Pog'onali motor, yilda tashkil etilgan 2015, features an array of models such as the T03 minivan, the S01 coupe, the C11 flagship SUV, and the C01 flagship sedan. The company garnered attention by going public on September 29, 2022, in Hong Kong. Their prospectus asserts their status as China’s most vertically integrated emerging EV entity, encompassing in-house research and development, dizayn, and manufacturing of core systems and electronic components for intelligent EVs.

Leapmotor’s comprehensive approach has led to the creation of Leapmotor Power, a proprietary powertrain system; Leapmotor Pilot, an autonomous driving system; and Leapmotor OS, an intelligent cockpit system.

According to their prospectus, Leapmotor’s ambitious plans include the introduction of 1-3 new models annually, with a total of seven all-electric vehicle offerings projected by the end of 2025.

Media sources reported on July 20 that Leapmotor was engaged in discussions regarding technology collaboration with an overseas firm, indicating significant strides in this direction. Another report on August 2 stated that Volkswagen’s Jetta brand was in negotiations with Leapmotor. If successful, Volkswagen’s Chinese joint venture FAW-Volkswagen may acquire one of Leapmotor’s platform technologies. This move aligns with FAW’s internal communication that, if finalized, the Jetta brand would focus on the economy EV sector.

Amid these developments, Leapmotor’s Hong Kong-traded shares experienced a notable surge, witnessing an almost 12 percent increase at the time of this update. This escalation reflects the growing investor interest and industry recognition of the company’s potential contributions to the evolving EV landscape.