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Stellantis on Thursday said it will invest 1.5 billion euros ($1.58 billion) in Chinese electric vehicle startup Leapmotor, as traditional automakers look for a way to compete in China’s cutthroat market.

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

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

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

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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

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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…

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

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

Trata-se de uma nova tentativa da empresa de ingressar no mercado automobilístico chinês e aproveitar o que qualificou de “ofensiva” chinesa em outras regiões

FT: Stellantis compra 20% de montadora chinesa de carros elétricos

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FT: Stellantis buys 20% of Chinese electric car maker

Chinese electric-car builder Leapmotor is to receive a €1.5 billion (US$1.58 billion) investment from Stellantis, formerly Fiat Chrysler, in the latest vote of confidence from a global carmaking giant in the mainland’s EV industry.

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Jeep, Fiat owner buys US$1.6 billion stake in Chinese EV maker Leapmotor

:Stellantis NV is nearing a deal to acquire a roughly 20 per cent stake in Chinese electric vehicle company Zhejiang Leapmotor, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.Leapmotor and Stellantis are also discussing setting up a joint venture as part of the transaction, t

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Stellantis nears deal to buy 20% of Chinese EV maker Leapmotor

Stellantis is looking to boost its presence in China where it is a small player, while Leapmotor has ambitions to expand aggressively into Europe.

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Jeep, Dodge maker Stellantis to invest $1.6 billion in Chinese EV startup 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 expand the Chinese EV maker’s global sales. Stellantis said it will benefit from Leapmotor’s “tech-first EV …

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

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