Finance
China's leapmotor expects mass production in October from assembly project in spain
Published by Global Banking & Finance Review®
Posted on March 16, 2026
1 min readLast updated: March 16, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 16, 2026
1 min readLast updated: March 16, 2026
Leapmotor targets October 2026 to begin mass production at its Stellantis-run assembly site in Spain, with talks advanced on joint projects. The EV maker swung to a net profit of 0.54 bn yuan in 2025.
BEIJING, March 16 (Reuters) - Chinese EV maker Leapmotor said on Monday that it expected mass production of its vehicles from Spain from October, with some projects with Stellantis being in "advanced negotiation stages."
Stellantis is a shareholder for Leapmotor and the two automakers have a joint venture to push overseas expansion.
An assembly project in Spain is expected to start mass production in October, the company said in its earnings statement.
The Chinese automaker turned to a net profit of 0.54 billion yuan ($78.31 million) in 2025 from a 2.82 billion yuan loss a year before, it added on Monday.
($1 = 6.8955 Chinese yuan renminbi)
(Reporting by Ju-min Park and Zhang Yan; Editing by Bernadette Baum)
Leapmotor expects to begin mass production at its assembly project in Spain from October.
Leapmotor is working with Stellantis, a shareholder, through a joint venture for overseas projects.
Leapmotor reported a net profit of 0.54 billion yuan ($78.31 million) in 2025, from a previous loss.
Some projects with Stellantis are in advanced negotiation stages, according to Leapmotor.
Leapmotor's assembly project is located in Spain, targeting mass production for Europe.
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