China's Leapmotor expects mass production in October from assembly project in Spain

Zhejiang Leapmotor Technology Co

16/03/2026 12:12

BEIJING, March 16 (Reuters) - Chinese EV maker Leapmotor 9863.HK said on Monday that it expected mass production of its vehicles from Spain from October, with some projects with Stellantis STLAM.MI 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)

 ((ju-min.park@thomsonreuters.com; Reuters Messaging: ju-min.park.thomsonreuters.com@reuters.net))