Stellantis Considers Using Leapmotor Technology In Europe To Cut EV Costs [Yahoo! Finance]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Yahoo! Finance
Photo Courtesy: Autorepublika. Stellantis is exploring the possibility of using electric vehicle technology from its Chinese partner Leapmotor to support production of EVs in Europe. The goal is to reduce manufacturing costs for the group's high-volume European brands, including Opel, Fiat, and Peugeot, according to multiple sources familiar with the matter cited by Bloomberg. The company is reportedly evaluating an expansion of its existing joint venture with Leapmotor in order to gain access to the Chinese automaker's advanced battery and powertrain technologies. Stellantis already distributes Leapmotor models, such as the electric Leapmotor C10 SUV, through its European dealer network, giving the partnership a foundation to build on. A Potential First For A Western Automaker Photo Courtesy: Stellantis. Discussions are still in the early stages, but the implications would be significant. If the plan moves forward, it would mark the first time a major Western car manufactu
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