Stellantis takes stake in EV maker Leapmotor; Europe JV planned

Stellantis CEO Carlos Tavares and Leapmotor CEO Zhu Jiangming announcing the partnership of their two companies in October 2023. (STELLANTIS)

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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