Stellantis in Talks to Co-Develop Opel EV with Leapmotor

Core Partnership Details Emerge

Automaker Stellantis is reportedly in advanced negotiations with Chinese EV manufacturer Leapmotor to jointly develop an electric SUV for its Opel brand. According to sources, the partnership aims to leverage Leapmotor's technology to reduce development costs and time for Stellantis as it navigates the competitive European electric vehicle market.

Strategic Production and Technology Sharing

The proposed plan involves producing the new Opel model at the Stellantis facility in Zaragoza, Spain, with a target start date of 2028 and an annual output goal of 50,000 vehicles. The vehicle would be built on a shared architecture with Leapmotor’s B10 compact SUV. Under the terms being discussed, Leapmotor would supply key technologies and components, while Opel would be responsible for the exterior design. This move follows Stellantis's 2023 acquisition of a significant stake in Leapmotor and the formation of their Leapmotor International joint venture.

Impact on European EV Market

This collaboration highlights a strategic pivot for Stellantis, enabling it to enhance its EV lineup and improve plant utilization in Europe while fending off competition from other Chinese brands. While Stellantis confirmed ongoing discussions about expanding collaboration, Leapmotor stated it is in talks to supply components but has no plans for platform-level collaboration. Early discussions are also reportedly underway for potential Alfa Romeo models using the same architecture.

Summary

The potential deal between Stellantis and Leapmotor represents a significant strategic alignment to accelerate EV development for the European market. The outcome will likely influence Stellantis's competitive positioning and production strategy in the region. Further announcements are anticipated as negotiations progress.

FAQ

Q: Which companies are collaborating on the new EV?
A: Stellantis and Chinese automaker Leapmotor are in advanced talks to jointly develop an Opel-branded electric SUV.

Q: Where and when will the new Opel EV be produced?
A: Production is planned for the Stellantis plant in Zaragoza, Spain, with an expected start date in 2028.

Source: Reuters via Investing.com