Leapmotor Opens Battery Assembly Workshop in Spain
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Workshop Opening: Leapmotor International has opened a battery assembly workshop in Mallen, northeastern Spain, signaling its upcoming vehicle production in the country later this year, thereby expanding its international market presence.
- Annual Production Capacity: The new facility is expected to produce approximately 65,000 lithium iron phosphate battery modules annually, with the capacity to scale up to around 100,000 units, addressing the growing demand for electric vehicles.
- Diverse Production Capabilities: The workshop will assemble batteries using various chemistries and will employ both Spanish and Chinese workers, with some Spanish employees having recently completed training at a battery plant in China, fostering technical exchange and collaboration.
- Future Production Plans: Leapmotor plans to start production of its B10 electric SUV in Spain's Aragon region by late 2026, further enhancing its footprint in the European market, while the neighboring CATL factory is expected to begin battery cell production by the end of the year.
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Analyst Views on STLA
Wall Street analysts forecast STLA stock price to rise
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 6.380
Low
9.33
Averages
11.81
High
15.15
Current: 6.380
Low
9.33
Averages
11.81
High
15.15
About STLA
Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is a holding Company based in the Netherlands and operates as an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has industrial operations in more than 30 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. The Company designs, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall. It offers a wide variety of vehicle choices from luxury and mainstream passenger vehicles to pickup trucks, sport utility vehicle (SUVs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Leapmotor Opens Battery Assembly Workshop in Spain
- Workshop Opening: Leapmotor International has opened a battery assembly workshop in Mallen, northeastern Spain, signaling its upcoming vehicle production in the country later this year, thereby expanding its international market presence.
- Annual Production Capacity: The new facility is expected to produce approximately 65,000 lithium iron phosphate battery modules annually, with the capacity to scale up to around 100,000 units, addressing the growing demand for electric vehicles.
- Diverse Production Capabilities: The workshop will assemble batteries using various chemistries and will employ both Spanish and Chinese workers, with some Spanish employees having recently completed training at a battery plant in China, fostering technical exchange and collaboration.
- Future Production Plans: Leapmotor plans to start production of its B10 electric SUV in Spain's Aragon region by late 2026, further enhancing its footprint in the European market, while the neighboring CATL factory is expected to begin battery cell production by the end of the year.
See More
Stellantis, Wayve, and Uber Collaborate on Global Robotaxi Services
- MoU Signed: Stellantis, Wayve, and Uber have signed a non-binding memorandum of understanding to jointly explore the development and deployment of Level 4 (L4) driverless robotaxi services globally, marking a significant step in their strategic collaboration in the autonomous driving sector.
- Technological Integration: The agreement leverages Stellantis' vehicle manufacturing capabilities, Wayve's AI driving software, and Uber's mobility network, which is expected to accelerate the deployment of autonomous vehicles that meet customer needs and enable seamless mobility in everyday life.
- Framework for Future Agreements: Under the MoU, the parties will establish a framework for future agreements covering technology development, licensing, production, and vehicle procurement, ensuring collaboration and innovation in the autonomous driving sector.
- Market Expansion Plans: Uber will deploy the autonomous vehicles through its platform, allowing users to book driverless rides via the Uber app, with plans to expand autonomous mobility services across cities in Europe, North America, and other regions, further enhancing market competitiveness.
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Stellantis Denies Maserati Sale Rumors Amid Partnership Talks
- Executive Statement: Stellantis CEO Antonio Filosa firmly stated that Maserati is not for sale and emphasized that the Cassino plant will continue to engage in partnerships for technology and development, aiming to enhance the brand's competitiveness.
- Sales Challenges: Maserati, as one of Stellantis' troubled brands, faces declining sales and underutilized production capacity at the Cassino plant in Italy, necessitating new technology and investment to regain market momentum.
- Potential Partners: Filosa revealed that Stellantis is negotiating with two significant partners to bring technology and development support to Maserati, although the specific names of the partners have not been disclosed.
- Market Reaction: Despite a 3% drop in Stellantis' stock on Wednesday, shares rebounded by 1.5% in after-hours trading, indicating cautious optimism among investors regarding the company's future partnership prospects, even as the stock has fallen 43% this year.
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Stellantis Pursues New Manufacturing Partnerships in Italy
- Manufacturing Partnerships: Stellantis CEO Antonio Filosa announced the company is pursuing agreements in Italy, particularly related to Maserati projects, aimed at enhancing production capacity at the Cassino and Modena plants, which are expected to bring in technology and development expertise.
- Electric Vehicle Production: Filosa revealed that Stellantis is finalizing a partnership to produce small electric vehicles at its Pomigliano plant near Naples, with plans to launch at least two new models and potentially a third to meet the growing demand for affordable electric vehicles.
- Investment Plan: Stellantis unveiled a €60 billion investment plan through 2030, with approximately 40% allocated to Europe, reaffirming its commitment to invest €5 billion in research and development in Italy to support future technological innovations and product development.
- Capacity Utilization Goals: Filosa stated that Stellantis aims to increase capacity utilization at its European factories from around 60% to over 80% by 2030, a target that will be supported by new model launches, plant conversions, and industrial partnerships, which are expected to further drive production growth in Italy.
See More
Stellantis Faces Major Turnaround Challenges
- Stock Performance Divergence: Over the past three years, GM's stock surged 124%, Ford's gained a mere 4%, while Stellantis plummeted nearly 60%, highlighting significant differences in market performance that reflect each company's operational strategies and market acceptance.
- Recall Cost Pressure: Ford led the U.S. automotive industry in 2025 with 153 recalls, while Stellantis followed with 53; however, 80% of Ford's recalls were resolved via over-the-air software updates, minimizing repair costs, whereas Stellantis faced staggering warranty expenses of $7.4 billion, indicating quality control challenges.
- Warranty Expense Comparison: Stellantis's warranty costs accounted for 4.4% of total revenue, significantly exceeding the historical industry norm of 2% to 3%, while Ford's ratio stood at 3.1%, showing an upward trend, yet Ford's improvement in warranty claims reflects its commitment to quality management.
- Future Growth Potential: Stellantis plans to invest $70 billion over the next decade for a comprehensive product overhaul, with approximately 60% allocated to North America, aiming to launch 11 new models and achieve a 35% sales increase in the region, which could enhance market share and profitability if successful.
See More
Stellantis Faces Rising Recall Costs Amid Turnaround Efforts
- Recall Volume Analysis: Stellantis reported 53 recalls in the U.S. for 2025, significantly lower than Ford's 153, yet its recall costs soared to $7.4 billion, highlighting major quality control challenges.
- Warranty Cost Comparison: Stellantis's warranty expenses accounted for 4.4% of total revenue, well above the historical industry norm of 2% to 3%, which not only impacts profitability but also reflects its competitive disadvantage in the market.
- Turnaround Plan: Stellantis is executing a $70 billion turnaround plan aimed at launching 11 new models to boost sales volume in North America by 35%, which is crucial for regaining market share and improving financial health.
- Quality Improvement Strategy: Executives emphasize that enhancing product quality is central to their North American strategy, and if successful, Stellantis could lower warranty costs in the coming years, thereby improving overall financial performance.
See More
Leapmotor Opens Battery Assembly Workshop in Spain
- Workshop Opening: Leapmotor International has opened a battery assembly workshop in Mallen, northeastern Spain, signaling its upcoming vehicle production in the country later this year, thereby expanding its international market presence.
- Annual Production Capacity: The new facility is expected to produce approximately 65,000 lithium iron phosphate battery modules annually, with the capacity to scale up to around 100,000 units, addressing the growing demand for electric vehicles.
- Diverse Production Capabilities: The workshop will assemble batteries using various chemistries and will employ both Spanish and Chinese workers, with some Spanish employees having recently completed training at a battery plant in China, fostering technical exchange and collaboration.
- Future Production Plans: Leapmotor plans to start production of its B10 electric SUV in Spain's Aragon region by late 2026, further enhancing its footprint in the European market, while the neighboring CATL factory is expected to begin battery cell production by the end of the year.
See More
Stellantis, Wayve, and Uber Collaborate on Global Robotaxi Services
- MoU Signed: Stellantis, Wayve, and Uber have signed a non-binding memorandum of understanding to jointly explore the development and deployment of Level 4 (L4) driverless robotaxi services globally, marking a significant step in their strategic collaboration in the autonomous driving sector.
- Technological Integration: The agreement leverages Stellantis' vehicle manufacturing capabilities, Wayve's AI driving software, and Uber's mobility network, which is expected to accelerate the deployment of autonomous vehicles that meet customer needs and enable seamless mobility in everyday life.
- Framework for Future Agreements: Under the MoU, the parties will establish a framework for future agreements covering technology development, licensing, production, and vehicle procurement, ensuring collaboration and innovation in the autonomous driving sector.
- Market Expansion Plans: Uber will deploy the autonomous vehicles through its platform, allowing users to book driverless rides via the Uber app, with plans to expand autonomous mobility services across cities in Europe, North America, and other regions, further enhancing market competitiveness.
See More
Stellantis Denies Maserati Sale Rumors Amid Partnership Talks
- Executive Statement: Stellantis CEO Antonio Filosa firmly stated that Maserati is not for sale and emphasized that the Cassino plant will continue to engage in partnerships for technology and development, aiming to enhance the brand's competitiveness.
- Sales Challenges: Maserati, as one of Stellantis' troubled brands, faces declining sales and underutilized production capacity at the Cassino plant in Italy, necessitating new technology and investment to regain market momentum.
- Potential Partners: Filosa revealed that Stellantis is negotiating with two significant partners to bring technology and development support to Maserati, although the specific names of the partners have not been disclosed.
- Market Reaction: Despite a 3% drop in Stellantis' stock on Wednesday, shares rebounded by 1.5% in after-hours trading, indicating cautious optimism among investors regarding the company's future partnership prospects, even as the stock has fallen 43% this year.
See More
Stellantis Pursues New Manufacturing Partnerships in Italy
- Manufacturing Partnerships: Stellantis CEO Antonio Filosa announced the company is pursuing agreements in Italy, particularly related to Maserati projects, aimed at enhancing production capacity at the Cassino and Modena plants, which are expected to bring in technology and development expertise.
- Electric Vehicle Production: Filosa revealed that Stellantis is finalizing a partnership to produce small electric vehicles at its Pomigliano plant near Naples, with plans to launch at least two new models and potentially a third to meet the growing demand for affordable electric vehicles.
- Investment Plan: Stellantis unveiled a €60 billion investment plan through 2030, with approximately 40% allocated to Europe, reaffirming its commitment to invest €5 billion in research and development in Italy to support future technological innovations and product development.
- Capacity Utilization Goals: Filosa stated that Stellantis aims to increase capacity utilization at its European factories from around 60% to over 80% by 2030, a target that will be supported by new model launches, plant conversions, and industrial partnerships, which are expected to further drive production growth in Italy.
See More
Stellantis Faces Major Turnaround Challenges
- Stock Performance Divergence: Over the past three years, GM's stock surged 124%, Ford's gained a mere 4%, while Stellantis plummeted nearly 60%, highlighting significant differences in market performance that reflect each company's operational strategies and market acceptance.
- Recall Cost Pressure: Ford led the U.S. automotive industry in 2025 with 153 recalls, while Stellantis followed with 53; however, 80% of Ford's recalls were resolved via over-the-air software updates, minimizing repair costs, whereas Stellantis faced staggering warranty expenses of $7.4 billion, indicating quality control challenges.
- Warranty Expense Comparison: Stellantis's warranty costs accounted for 4.4% of total revenue, significantly exceeding the historical industry norm of 2% to 3%, while Ford's ratio stood at 3.1%, showing an upward trend, yet Ford's improvement in warranty claims reflects its commitment to quality management.
- Future Growth Potential: Stellantis plans to invest $70 billion over the next decade for a comprehensive product overhaul, with approximately 60% allocated to North America, aiming to launch 11 new models and achieve a 35% sales increase in the region, which could enhance market share and profitability if successful.
See More
Stellantis Faces Rising Recall Costs Amid Turnaround Efforts
- Recall Volume Analysis: Stellantis reported 53 recalls in the U.S. for 2025, significantly lower than Ford's 153, yet its recall costs soared to $7.4 billion, highlighting major quality control challenges.
- Warranty Cost Comparison: Stellantis's warranty expenses accounted for 4.4% of total revenue, well above the historical industry norm of 2% to 3%, which not only impacts profitability but also reflects its competitive disadvantage in the market.
- Turnaround Plan: Stellantis is executing a $70 billion turnaround plan aimed at launching 11 new models to boost sales volume in North America by 35%, which is crucial for regaining market share and improving financial health.
- Quality Improvement Strategy: Executives emphasize that enhancing product quality is central to their North American strategy, and if successful, Stellantis could lower warranty costs in the coming years, thereby improving overall financial performance.
See More
