TECH - Chinese EV Maker Leapmotor's Global Ambitions Boosted By Stellantis | Benzinga
Chinese electric car maker Leapmotor is set to expand its global presence following a strategic partnership with Stellantis NV (NYSE:STLA), the company behind Chrysler, Fiat, Jeep, and Peugeot.
Co-founder and CEO Zhu Jiangming believes the collaboration will allow Leapmotor's electric vehicles (EVs) to reach international markets more rapidly, Bloomberg reported.
Founded in 2015, Zhejiang Leapmotor Technology Co. aims to capitalize on the shift from internal combustion engines to EVs.
Although Leapmotor delivered just over 33,000 vehicles in the first quarter, far fewer than BYD Company (OTC:BYDDY) and Tesla Inc. (NASDAQ: