Stellantis NV (NYSE:STLA) is one of the best large cap penny stocks under $10 to buy now. Stellantis NV (NYSE:STLA) likes its arrangement with Chinese automaker Leapmotor so much that it believes it could be a model for future partnerships. Speaking on April 30 after the release of Stellantis’ Q1 2026 results, CEO Antonio Filosa said the Leapmotor partnership is an example of what the company can do with other Chinese automakers, according to a Reuters report.
In 2023, Stellantis acquired a large stake in Leapmotor, and the companies went on to form a joint venture. This joint business is focused on manufacturing and selling Leapmotor cars in markets outside China.
The companies are gearing up to start producing Leapmotor’s B10 model at a factory in Spain this year. The B10 is an all-electric compact SUV, and Stellantis plans to sell it in European markets.
Besides the B10, Stellantis is also considering jointly developing an Opel-branded electric SUV with Leapmotor, according to an earlier Reuters report on April 8. The report stated that partnering with Leapmotor for Opel EV would save Stellantis cost and time to develop an electric Opel model. If all goes well, an electric Opel could enter production as early as 2028.
For Q1, Stellantis reported a 6% YoY jump in net revenue to €38.1 billion. The company said the growth was driven by strong sales volumes across all its regions. Net profit was €377 million, compared to a net loss of €387 million in the same period of the prior year.
Stellantis NV (NYSE:STLA) is a Netherlands-based multinational automaker, producing passenger vehicles, pickup trucks, and SUVs. The company makes vehicles for the mass market and luxury segments. Its vehicle brands include Jeep, RAM, Dodge, and Maserati.
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