Stellantis (STLA) and Chinese partner Leapmotor have scrapped a plan to make a second electric vehicle model at a plant in Poland, two people with knowledge of the matter told Reuters. The shift in production plans by the joint venture was made after the Chinese government privately told automakers to halt big investments in European countries that supported imposing extra tariffs on Chinese-made EVs, the report noted. The joint venture is instead considering using a Stellantis factory in Germany that produces Opel models and its Trnava plant in Slovakia as alternative production sites for the B10 electric crossover, the report noted.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STLA:
- Stellantis to cut 1,100 jobs at Ohio Jeep factory, WSJ reports
- Stellantis Partners with Infineon for EV Innovation
- Stellantis, Infineon to jointly work on power structure of electric vehicles
- Stellantis (STLA) Cuts 1,100 Jobs in Efficiency Push
- Trump Media, broader market surge after Trump wins election: Morning Buzz