Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor
Headline from WHEC Rochester
BANGKOK (AP) — Stellantis plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late Wednesday.
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Hangzhou-based Leapmotor only produces electric vehicles and is relatively unknown in Europe, despite selling 10,000 cars a month in China, while Stellantis is one of the world's largest carmakers, owning popular brands including Alfa Romeo and Jeep.
BANGKOK (AP) — Stellantis plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late Wednesday.
Stellantis said Thursday it is spending $1.85 billion to buy about 20% of Chinese EV company Leapmotor in a new strategic global EV partnership. It creates Leapmotor International, a 51/49 Stellantis-led joint venture.
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Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor | Since Then