Stay updated with breaking news from Dare Forward. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China. This will be an industry-first global electric vehicle relationship between a leading automaker and a Chinese pure-play NEV OEM.
The Stellantis group has entered into a strategic partnership with Chinese electric vehicle (EV) company Leapmotor with a 1.5 billion euro investment to acquire approximately 20% of shares, according to a statement released on Thursday. © ANSA
Stellantis will take over a 20 per cent stake in the Chinese EV manufacturer and hold a 51 per cent stake in a new joint venture to bring Leapmotor products to global markets.
Stellantis to Become a Strategic Shareholder of Leapmotor with €1.5 Billion Investment and Bolster Leapmotor’s Global Electric Vehicle Business