Stellantis Posts $25B Loss, Teams Up with Leapmotor to Accelerate EV Shift

Stellantis Group recently released its 2025 financial results, reporting a net loss of €22.3 billion (approximately RMB 180 billion)—its first annual loss since the merger. The primary causes of the loss include one-time asset impairments triggered by strategic adjustments in its electrification roadmap, changes to its battery-electric vehicle plans, supply chain contraction, quality-related liabilities, and restructuring costs from workforce reductions. Despite this setback, the group expects its financial performance to gradually improve in 2026. To accelerate its electric transition and reduce costs, Stellantis is planning to expand its joint venture with Leapmotor, integrating the Chinese automaker’s battery and electric drive technologies into vehicles produced locally for the European market—a first for a major Western automaker to rely on Chinese EV technology in Europe. Meanwhile, the group is recalibrating its electrification pace: it has restarted production of the Hemi V8 engine and plans to reintroduce diesel models in Europe. Stellantis emphasized that while its electric vehicle development will continue, future strategies will be guided more closely by market demand.