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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Total News Sources0
Leaning Left11Leaning Right6Center20Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 30%
C 54%
R 16%
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