Published 9 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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Times of India

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

Stellantis, the parent company of Chrysler, is purchasing a 21% stake in Chinese electric vehicle (EV) maker Leapmotor for $1.6 billion. This move is part of Stellantis' strategy to focus on EVs in China after struggling with poor sales in the country. Stellantis will also establish a joint venture with Leapmotor, giving it exclusive rights to export, sell, and manufacture Leapmotor's products outside of Greater China. This partnership reflects …

9 months ago·India

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Associated Press News

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

Stellantis says it plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer. The European-based maker of Jeep and Ram and Leapmotor

9 months ago·United States

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abc News

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

Stellantis says it plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer

9 months ago·United States

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KRDO

Stellantis is teaming up with a Chinese startup to sell electric vehicles globally

Hong Kong (CNN) — Stellantis, home to brands such as Jeep and Chrysler, has become the latest global automaker to tie up with a Chinese startup as the electric vehicle (EV) race continues to heat up. The Dutch group announced Thursday it would acquire a 20% stake in Leapmotor, a Hangzhou-based EV maker, for about €1.5 billion (nearly $1.6 billion). The two will form a joint venture that will give Stellantis the exclusive rights to produce, expor…

9 months ago·Colorado Springs, United States

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KIFI

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

The Associated Press BANGKOK (AP) — Stellantis says it plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer. The European-based maker of Jeep and Ram and Leapmotor said in a statement late Wednesday that they have formed a strategic partnership and joint venture that aims to

9 months ago·Idaho Falls, United States

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Globo

FT: Stellantis buys 20% of Chinese electric car maker

This is a new attempt by the company to enter the Chinese car market and take advantage of what it described as a Chinese “offensive” in other regions

9 months ago·Brazil

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

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

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

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

Stellantis is teaming up with a Chinese startup to sell electric vehicles globally

Stellantis is teaming up with a Chinese startup to sell electric vehicles globally

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor

FT: Stellantis buys 20% of Chinese electric car maker

FT: Stellantis buys 20% of Chinese electric car maker

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