Leapmotor calls EU-China hybrid import cap an alternative to tariffs
The Stellantis-Leapmotor venture would follow any EU-China deal limiting hybrid imports and is weighing locations for future European factories.
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what happened
Reuters reports that the Stellantis-Leapmotor joint venture views a potential European Union-China agreement to limit hybrid-vehicle imports as an “interesting alternative to tariffs.” CEO Danilo Annese made the comment on Monday at the Paris Auto Show.
Leapmotor International, the Stellantis-led venture, will comply with any arrangement reached by the EU and China, although its terms will have to be clarified over the coming months. Annese said European demand for electric vehicles is gaining more momentum than expected a year ago, including in Italy and Spain, where EV adoption has traditionally been lower.
He added that Stellantis and Leapmotor were in continuous discussions about possible sites for future manufacturing in Europe. Options include a plant in Madrid, while other locations are also under consideration, including sites outside Spain.
why it matters
A possible import cap could reshape trading conditions for hybrid vehicles between the EU and China, while the choice of European production sites may influence the venture’s industrial footprint.
instruments
sources
- Leapmotor-Stellantis JV calls EU-China import cap deal 'interesting alternative' — Reuters, 12 October 2026 at 11:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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