China's Leapmotor Teams Up With Stellantis For Electric Car Production In Poland: Report

China’s Leapmotor has reportedly partnered with Stellantis N.V. STLA to produce small electric vehicle cars in Poland.

In a strategic move to tap into the European market, China’s Leapmotor, in collaboration with Stellantis, will commence the production of small electric cars in Poland, reported Reuters.

The production, set to begin in the second quarter of this year, will utilize the semi-knocked down (SKD) technique, converting partially assembled kits into fully-fledged vehicles, as per the report.

Production operations will be based at Stellantis’ facility in Tychy, marking an important turn in Leapmotor’s expansion plans into Europe.

Stellantis had previously announced its acquisition of a 21% stake in Leapmotor, signifying a strategic investment aimed at capturing a larger share of China’s automotive market.

Additionally, the partnership entailed exclusive rights for Stellantis to manufacture, export, and distribute Leapmotor products outside China.

The recent approval from Chinese regulators for the Netherlands-based joint venture, led by Stellantis with a majority stake, underscores the regulatory green light for their collaborative endeavors.

Price Action: STLA shares are trading lower by 0.14% at $29.17 on the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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