The move could see the European giant rely on Chinese vehicle architecture and software for future models.
Stellantis is considering deepening the partnership with Chinese electric-vehicle maker Leapmotor as it looks for ways to cut costs and strengthen its brands in Europe, according to a report from Bloomberg.
Stellantis is considering adopting Leapmotor’s vehicle architecture, battery systems, and electric powertrain technology for models sold under brands such as Fiat, Opel, and Peugeot, says the report. The move would mark the first time a major Western automaker relied on a Chinese technology to underpin its European lineup.The companies are looking for ways to expand the scope of their existing joint venture, Leapmotor International, which was created in May 2024. Stellantis initially invested about $1.8 billion in Leapmotor in 2023, acquiring roughly 20% of the Chinese automaker’s shares, a stake that has since shrunk to about 15%. Stellantis currently holds a 51% stake in the joint venture. Stellantis currently sells Leapmotor models through its European dealer network. A broader technology-sharing agreement could give Stellantis quicker access to advanced battery and EV systems while reducing research and development costs.Stellantis has been dealing with significant financial and competitive pressures of late. Earlier this month, the company took a $26 billion financial hit as it watched its market share and profits shrink. European automakers in general are facing growing competition from Chinese EV brands such as BYD, as well as established rivals Volkswagen and Renault.Any expanded agreement would need to clear regulatory hurdles, including European data protection rules and US restrictions related to connected vehicles with Chinese ties. Talks are said to be in their early stages, with the companies aiming to finalize terms later this year.
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