Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    CrowdStrike warns of increasing Chinese AI cyberattacks on U.S. tech

    June 10, 2026

    Lenovo slides nearly 10% amid reports of price hikes due to memory costs

    June 10, 2026

    Three key vital signs make up the “urban pulse” of a city

    June 10, 2026
    Facebook X (Twitter) Instagram
    Addison Markets
    • Home
    • USA
    • Europe
    • Business
    • Investing
    • Tech
    • Politics
    • Contact Us
    Addison Markets
    Home»Europe»Stellantis CEO sees potential in Chinese vehicles in North America
    Europe

    Stellantis CEO sees potential in Chinese vehicles in North America

    franperez66q@protonmail.comBy franperez66q@protonmail.comMay 22, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email


    Stellantis CEO Antonio Filosa listens as U.S. President Donald Trump announces new fuel economy standards, in the Oval Office at the White House in Washington, D.C., U.S., December 3, 2025.

    Brian Snyder | Reuters

    AUBURN HILLS, Mich. — Stellantis CEO Antonio Filosa said he believes there’s opportunity to expand the automaker’s partnerships in North America to fill plants and increase sales — and potentially to produce Chinese-branded vehicles outside of the U.S.

    Filosa on Thursday said the company “for sure” sees opportunity in expanding its production and sale of vehicles with Chinese automaker Zhejiang Leapmotor Technology Co. to Mexico as well as potentially Canada.

    “I believe that there is space in Mexico. … There is maybe space in Canada. We’ll see,” he said during a news conference after an investor day at the company’s North American headquarters near Detroit. “Now there is no space in the United States. We don’t see that.”

    Legacy automakers, especially ones with deep roots in the region such as Stellantis, have been concerned about Chinese automakers entering North America. U.S. executives have expressed worries that the operations could be a gateway to American consumers.

    Read more about Stellantis

    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 joint venture with Leapmotor that includes the exclusive rights for the sale and manufacturing of their products outside greater China.

    Stellantis, which is the largest shareholder of Leapmotor with a 21% stake, earlier this week announced an expanded partnership with the Chinese automaker as well as the formation of a European joint venture with Chinese automaker Dongfeng.

    In the U.S., Filosa said he also still sees opportunities for the company to partner with non-China brands, like with the announcement it made earlier this week to explore collaborations with Jaguar Land Rover.

    “We see potential to partner in [the] U.S. with other projects,” he said during the media briefing. “JLR, it is a partnership that can work very well for both parties because you see that the profile of what we industrialized, build, is not that different … so there is some synergy in the product conception that we can share with JLR.”

    Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    franperez66q@protonmail.com
    • Website

    Related Posts

    EU considers suspending rise in Russian oil price cap

    June 9, 2026

    Vinted boss sees big shift in consumer behaviour as second hand booms

    June 9, 2026

    Orlando Bravo says AI is boosting software companies

    June 9, 2026

    Christopher Bailey acquires Burleigh pottery

    June 9, 2026

    AI offers European drug gangs a tech boost

    June 9, 2026

    London mansion with mystery owner close to £190mn sale

    June 8, 2026
    Leave A Reply Cancel Reply

    Top Reviews
    Editors Picks

    CrowdStrike warns of increasing Chinese AI cyberattacks on U.S. tech

    June 10, 2026

    Lenovo slides nearly 10% amid reports of price hikes due to memory costs

    June 10, 2026

    Three key vital signs make up the “urban pulse” of a city

    June 10, 2026

    These dividend stocks have slashed their payments, Morgan Stanley says

    June 10, 2026
    © 2026 All right reserved
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.