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Stellantis resets China strategy with $1.6 bln stake in EV firm Leapmotor

October 26, 2023
Source: reuters.com reuters.com
News Snapshot:
[1/2] A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo Acquire Licensing Rights Summary Companies Stellantis to acquire 21% stake in EV maker Leapmotor Firms form JV to build and sell Leapmotor products outside China Deal gives Stellantis a crucial foothold in China Leapmotor shares tumble 10%, reversing initial 11% jump HANGZHOU, China, Oct 26 (Reuters) - Stellantis is buying a 21% stake in Leapmotor for $1.6 billion, it said on Thursday, in a reset of its China strategy to focus on electric vehicles after years...
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China Tech Buzz Topics: accounting | auto | automobile | Automotive | battery | board of directors | Business | car | CEO | China | Chinese | commission | consumer | culture | data | development | electric vehicle | energy | Europe | European | EV | export | Exports | factory | France | Leapmotor

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