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Published 4 months ago

Jeep, Dodge maker Stellantis to invest $1.6 billion in Chinese EV startup Leapmotor

  • Stellantis, the parent company of Jeep and Chrysler, has acquired a 20% stake in Chinese EV maker Leapmotor.
  • The deal allows Stellantis to utilize Leapmotor's cost-efficient EV ecosystem to achieve its goal of offering over 75 fully electric models by 2030.
  • Stellantis aims to strengthen its presence in the Chinese market, while Leapmotor gains easier access to the European market through this joint venture.
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