STLA - Chinese EV Startup Leapmotor Partners With Stellantis To Debut New Models In Europe | Benzinga
Stellantis N.V. (NYSE:STLA) and Leapmotor announced the completion of their joint venture, Leapmotor International B.V., following necessary approvals.
The venture, led by CEO Tianshu Xin, a former Stellantis China executive, plans to introduce the T03 and C10 electric vehicles in European markets initially, with expansion plans across multiple regions.
In 2023, Stellantis invested approximately €1.5 billion to acquire around 21% equity in Leapmotor, a top-ranked Chinese EV startup.
The partnership formed Leapmotor International, aiming to boost sales globally, excluding Greater China, leveraging Stellantis’ commercial ...