During a recent investor day, Stellantis CEO Antonio Filosa highlighted the company's strategy to increase its partnerships in North America, specifically mentioning potential collaborations with Zhejiang Leapmotor Technology Co. He indicated that while there is no current opportunity for expansion in the U.S., Mexico and Canada present viable options for producing and selling vehicles.
Filosa noted that Canada allows a significant number of Chinese-made electric vehicles to be imported annually at a low tariff, which could benefit Stellantis' operations there.
The company has been expanding its relationship with Leapmotor, having established a joint venture where Stellantis holds a 51% stake, allowing it exclusive rights to manufacture and sell Leapmotor products outside of China. Additionally, Stellantis is also looking to partner with non-Chinese brands, such as Jaguar Land Rover, to leverage synergies in product development.
This strategic focus on partnerships and international production could position Stellantis favorably in the evolving automotive market, especially as competition from Chinese automakers increases