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26 Oct
05:31

Stellantis to invest in, form JV with Leapmotor

Automobile giant Stellantis announced will invest about EUR 1.5 billion ($1.6 billion) to acquire a 20% stake in Chinese electric vehicle company Zhejiang Leapmotor Technology. They will also form a joint venture named Leapmotor International for expansion, Kallanish learns.  The decisions were announced at the strategic cooperation signing ceremony held on 26 October in Hangzhou, Zhejiang Province, China.  After the share purchase, Stellantis will beco…
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