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Automakers

Stellantis takes stake in EV maker Leapmotor; Europe JV planned

Stellantis CEO Carlos Tavares and Leapmotor CEO Zhu Jiangming
Stellantis CEO Carlos Tavares and Leapmotor CEO Zhu Jiangming announcing the partnership of their two companies in October 2023. (STELLANTIS)
R
By:
Reuters
October 25, 2023 02:11 PM

HANGZHOU, China -- Stellantis said it is buying a 21 percent stake in EV maker Leapmotor in a $1.6 billion deal that will give it a fresh shot in China and the smaller Chinese automaker a European foothold.

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