Stellantis to build small EVs with Leapmotor in Italy
Plans were announced to produce compact models at the Pomigliano plant.
Stellantis announced plans to manufacture small electric vehicles alongside Chinese partner Leapmotor at its Pomigliano plant in Italy. Chief Engineering and Technology Officer Ned Curic disclosed the initiative on October 12, 2026, according to a report by Reuters.
Through its partnership with Leapmotor, Stellantis learned an accelerated development timeframe of 2 years for bringing new vehicles to market.
The tie-up builds on earlier agreements between the two carmakers. In October 2023, Stellantis acquired an initial 20% equity stake in Zhejiang Leapmotor Technology for 1.5 billion euros. Stellantis also holds a controlling 51% stake in their joint venture, Leapmotor International.
Following the manufacturing announcement on October 12, 2026, shares of Zhejiang Leapmotor Technology rose 4.48% during intraday trading.
Share prices can rise and fall. Past performance does not guarantee future results. This article is news, not investment advice.
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