Stellantis in talks to build Chinese EVs at Canadian plant, Bloomberg News reports
Stellantis is in talks with Chinese EV maker Zhejiang Leapmotor to build electric vehicles at an idled plant in Brampton, Ontario, Canada. The discussions are in an early stage, with no decisions made yet, and are part of Stellantis's broader strategy to leverage its joint venture with Leapmotor to distribute and manufacture EVs outside China.
Stellantis is discussing options to build electric vehicles in Canada with Chinese partner Zhejiang Leapmotor Technology. The talks are focused on an idled Stellantis assembly plant in Brampton, Ontario. Stellantis bought a 21% stake in Leapmotor for $1.6 billion in 2023 and formed a joint venture, Leapmotor International, in which it holds a 51% stake. The company is evaluating future programs for the Brampton plant and is in active discussions with government officials to ensure conditions for success are in place. The proposal aims to navigate tariffs and reduce reliance on Chinese exports by co-producing locally for domestic and global markets. Stellantis has not confirmed the talks, and no final plan has been announced yet.
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