Automakers

Stellantis says U-turn on China will help it beat EV rivals

Leapmotor TO3
Leapmotor currently sells the TO3 in France through a local importer. (NATHAN EDDY)
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By:
Bloomberg
October 27, 2023 06:48 AM

Stellantis says its $1.1 billion purchase of a stake in a Chinese electric vehicle maker will help it offer more affordable EVs and gain an edge on rivals bracing for an onslaught of cheaper exports from the country.

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