Stellantis set to buy 21% stake in China's Leapmotor for $1.6b
Stellantis said on Thursday it is buying a 21% stake in EV maker Leapmotor in a $1.6 billion deal that will give it a fresh shot in China.
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Stellantis said on Thursday it is buying a 21% stake in EV maker Leapmotor in a $1.6 billion deal that will give it a fresh shot in China.
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The move is part of a tense debate over how China came to dominate both the EV industry and the battery industry that supplies it.
The Shanghai Auto Show in April was the first time since Covid that a lot of European auto executives had been to China. “They were in awe. Jaws dropped. I…
The rapid rise of such firms was also due to supply chain advantages and strong market competition. Read more at straitstimes.com.