Stellantis entering into new partnerships, expanding existing partnerships

Through Leapmotor International, 51% owned by Stellantis (STLA), the company has built with Leapmotor “a groundbreaking commercial collaboration with a growing global reach. Moving forward, Stellantis and Leapmotor intend to join forces in purchasing, leveraging their supplier bases and improving cost competitiveness. They also plan to cooperate industrially, starting with plans to share capacity at the Madrid and Zaragoza plants, in line with the upcoming Made-in-Europe requirements With its historical partner Dongfeng, Stellantis is launching a new era of cooperation under its China-based DPCA joint venture, to produce two Peugeots and two Jeep models for sale in China and other regions. In addition, the company intends to create a European joint venture with Dongfeng, 51% Stellantis-owned, to collaborate on distribution, engineering, sourcing and capacity sharing, starting with plans at the Rennes plant in line with the upcoming Made-in-Europe requirements In partnership with Tata, the company is enhancing its competitiveness in Asia Pacific, Middle East and Africa, and South America through synergies in manufacturing, supply chain, product, and technology.” Across its computing architecture, software, ADAS, artificial intelligence and battery technology, Stellantis is advancing with strategic partnerships that are intended to complement internal capabilities and accelerate vehicle development, including with Applied Intuition, Qualcomm (QCOM), Wayve, NVIDIA (NVDA), Uber (UBER), Mistral AI and CATL, among others. FaSTLAne 2030, the company’s capacity utilization will be significantly increased across regions. In Europe, capacity is expected to be reduced by more than 800,000 units, In the United States, increased production is expected to improve capacity utilization to 80% in 2030. In the Middle East and Africa, the plan envisions product localization, driving full capacity utilization by 2030. In product development, the company will considerably accelerate vehicle development cycles, targeting 24 months compared to up to 40 months today.

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