MILAN, Feb 19 Reuters Stellantis is considering building up to 150,000 lowcost electric vehicles EVs in Italy, in its Mirafiori complex in Turin, as part of its agreements with Chinese automaker Leapmotor, Automotive News Europe said on Monday.

The FrancoItalian automaker last year bought a 21 stake in electric vehicle maker Leapmotor in a 1.6 billion deal. As part of that deal, the two groups announced a jointventure, which is 51controlled by Stellantis and which gives the European carmaker exclusive rights to manufacture Leapmotor39;s products outside China.

Stellantis Chief Executive Carlos Tavares said at that time that Leapmotor39;s cars would be visible in Europe within a maximum of two years.

Production of Leapomotor39;s cars in Italy could start as soon as 2026 or 2027, Automotive News Europe said, quoting sources familiar with the matter.

Replying to a question last week when presenting fullyear earnings, Tavares said the group could manufacture Leapmotor39;s cars in Italy if there was a business case for that.

It only depends on our cost competitiveness and our quality competitiveness. So it39;s open for us to grasp that opportunity at one point in time, he said.

A spokesman for Stellantis said the company had nothing further to add to comments made by the CEO last week.

Current production by Stellantis at Mirafori includes the 500 BEV small car.

Assigning the production of Leapmotor cars to Mirafiori might help Stellantis meet a target, agreed with…