Stellantis Deal Gives China’s Leapmotor a Plant and EV in Europe

Stellantis NV plans to extend its cooperation with China’s Leapmotor, including co-developing an electric model under the Opel brand, shifting ownership of a plant in Spain and expanding joint purchasing.

Opel engineers have already started working with their Leapmotor counterparts in China, the marque’s Chief Executive Officer Florian Huettl said in an interview. They’re developing a mid-size sport utility vehicle that will be built in Zaragoza, Spain to compete with cars like Volkswagen AG’s Tiguan and Hyundai’s Tucson.