Stellantis NV is deepening ties with China’s Leapmotor, turning a Spanish factory into a joint venture hub and co‑developing a new electric model under the Opel badge.

The move gives Leapmotor a foothold in Europe, while Stellantis expands its low‑cost production network. The Spanish plant will shift ownership, signalling a strategic pivot toward shared manufacturing.

Both parties also plan to widen joint purchasing, potentially lowering component costs for new EVs. Investors will watch whether the partnership accelerates Opel’s electrification roadmap.

Ultimately, the deal positions Stellantis to tap Chinese technology while Leapmotor capitalizes on European brand reach, reshaping supply chains for both automakers.