#geely

US Top News and Analysis | Stellantis’ Leapmotor partnership points to a wider — and riskier— industry gamble AI generated summary, Read the full article for complete information. Stellantis has expanded its strategic partnership with Chinese electric‑vehicle maker Leapmotor, enabling Leapmotor to begin production of a model for the European market by 2028 and to co‑develop an electric SUV under the Opel brand at Stellantis’ Zaragoza plant in Spain. The deal gives Stellantis a boost to its European operations while allowing Leapmotor to sidestep EU “Made in Europe” requirements and avoid tariffs on Chinese EV imports. It mirrors a broader trend of Western automakers—such as Ford and Volkswagen—seeking Chinese collaborations to cut costs and navigate the costly shift to electric vehicles. Analysts view the partnership as a short‑term win‑win but warn that growing reliance on Chinese brands could pose long‑term risks for legacy manufacturers if it enhances Chinese brand awareness and undermines European firms’ own EV development. Read more: https://www.cnbc.com/2026/05/13/autos-stellantis-leapmotor-europe-china-evs.html #Stellantis #Leapmotor #Geely #JuliaPoliscanova #EU

Sweden Herald - Latest Sweden News | Chinese wall of competitors meets Volvo Cars at Beijing Auto Show by Sweden Herald AI generated summary, Read the full article for complete information. Volvo Cars wrapped the Beijing Auto Show by highlighting the fierce competition it faces in China’s massive, increasingly electric market, where roughly 1,500 models—most of them new‑release EVs from domestic brands—dominate the exhibition. CEO Håkan Samuelsson explained that selling a European‑developed car assembled in China is no longer enough; Volvo must localise design, software and procurement through deeper ties with its Chinese owner Geely, creating “China for China” vehicles. Yet the surge of Chinese manufacturers, including newcomers like robot‑vacuum maker Dreame, backed by government incentives, intensifies pressure on Western automakers, echoing past challenges from Japanese entrants in Europe. The competitive landscape contributed to a 17 % drop in Volvo’s Q1 2026 sales in China to 28,330 units, even as sales of its electrified models jumped 116 % to 7,604. Read more: https://swedenherald.com/article/chinese-wall-of-competitors-meets-volvo-cars-at-beijing-auto-show #VolvoCars #HkanSamuelsson #Geely #BYD #Xpeng