Stellantis Weighs Leapmotor EV Platforms as Chinese Makers Target 35% Share
Stellantis is evaluating Leapmotor EV platforms for Fiat, Opel and Peugeot and has held investment talks with Xiaomi and Xpeng as Chinese automakers aim for 35% global share by 2030. Leapmotor posted a 540 million yuan net profit on 596,555 deliveries in 2025 but recorded 0.83% margins and debt.
1. Stellantis Explores Leapmotor Platform Partnership
Stellantis is in discussions to integrate Leapmotor’s EV platforms into its Fiat, Opel and Peugeot brands, aiming to accelerate development cycles and reduce costs. The talks with Leapmotor, as well as exploratory investment meetings with Xiaomi and Xpeng for European operations, reflect a strategic shift toward software-first design and faster product iteration.
2. Leapmotor’s Profitability and Margin Challenges
Leapmotor achieved its first annual net profit of 540 million yuan in 2025 on 596,555 vehicle deliveries, driven by aggressive pricing and scaling. However, the company’s slim 0.83% profit margin, heavy reliance on financial income and mounting debt raise sustainability concerns as it expands globally.