Wall Street Journal: China's New Car-Making Forces Become a 'Lifeline' for Western Giants
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Author:小编   

On May 25, the Wall Street Journal reported that Stellantis, a Western automotive giant, is seeking a turnaround through its partnership with Leapmotor, a rising star in China's electric vehicle (EV) sector. A year ago, when Antonio Filosa took over, Stellantis was facing a sharp decline in sales, idle factory capacity, and falling profits. By establishing a joint venture with Leapmotor, Stellantis has successfully sold Leapmotor models in the European market, avoided some tariffs, and utilized idle capacity to reduce fixed costs. Leapmotor, with its cost-effective models, has experienced rapid growth in the European market, with sales nearing 600,000 units in 2025, more than doubling year-on-year. This collaboration has become a crucial part of Stellantis's transformation plan, helping it maintain operations at its European factories and absorb China's EV technology expertise.