Stellantis CEO sees opportunity in growing partnerships, bringing China-branded vehicles to North America
Stellantis CEO sees potential in expanding partnerships, particularly with Chinese automakers, to enhance their market presence. The company is exploring collaborations in North America while also focusing on electric vehicle production in Canada. Recent developments include a joint venture with Leapmotor and potential partnerships with Jaguar Land Rover.
- ▪Canada is allowing 49,000 Chinese-made electric vehicles to be imported annually at a tariff rate of 6.1%.
- ▪Stellantis has been a 51% majority owner of a joint venture with Leapmotor since 2023.
- ▪The company announced an expanded partnership with Leapmotor and a new joint venture with Dongfeng.
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Amid trade tensions with the U.S., Canada is currently allowing 49,000 Chinese-made electric vehicles to be imported for retail sales annually at a tariff rate of 6.1%.A notable option in Canada is a large Stellantis assembly plant in Brampton, Ontario, a suburb of Toronto. The plant hasn't produced a new vehicle since the end of production of the Dodge Charger and Challenger in December 2023.Bloomberg News last month reported Stellantis was discussing options for building electric vehicles in Canada with Leapmotor, citing people familiar with the matter.Filosa said Stellantis' tie-ups with Leapmotor continue to expand as a way for the company to grow its sales, learn from its Chinese counterpart and share capital expenses.Since 2023, Stellantis has also been a 51% majority owner of a…
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