LMPI Expansion at a Glance

• Increasing production at Stellantis’ Zaragoza plant, Opel’s historical manufacturing site, where an all-new electric battery powered Opel C-SUV would be added on a new line alongside Leapmotor’s C-SUV B10 model.
• Enabling the Zaragoza-produced new Opel C-SUV to benefit from components enabled by the LPMI ecosystem, helping to enhance affordability.
• Expanding LPMI’s joint purchasing initiatives to increase Stellantis’ European BEV affordability and accelerate time-to-market for new models.
• Reinforcing the future of Stellantis’ Villaverde, Madrid plant, by allocating Leapmotor future products for European and global markets, with several nameplates manufactured in line with Made-in-Europe requirements, and with the intention to transfer the plant’s ownership to LPMI’s Spanish subsidiary.

“Leapmotor’s leading-edge technologies, combined with Stellantis’ global reach, deep regional roots and much-loved automotive brands, would make this a uniquely powerful partnership. Our joint venture, Leapmotor International, has quickly shown its benefits for both partners and in less than three years, has seen us launch our brand on five continents and significantly grow our international reach and reputation,” said Zhu Jiangming, Leapmotor founder and CEO.

Both Leapmotor International parties are currently conducting feasibility studies and pre-development work under existing arrangements and are continuing discussions toward potential broader industrial cooperation as noted above, subject to the execution of definitive agreements and customary approvals.