Stellantis is planning to build an EV powerhouse in China with a €1.5 billion bid to secure a 20% stake in Chinese electric car manufacturer Leapmotor.
In a decade when Stellantis is steadily encouraging its dealers to retail a number of its group brands from shared locations, this might lead to existing Stellantis franchisees across Europe being able to add Leapmotor car showrooms in the medium term, plus other Stellantis products underpinned by its Chinese partner's technologies.
The deal will see the partners create Leapmotor International, a 51/49 Stellantis-led joint venture that will have exclusive rights to export. sell, and manufacturer Leapmotor products outside Greater China from next summer. as well as boosting Leapmotor’s sales in China.
Login to continue reading
Or register with AM-online to keep up to date with the latest UK automotive retail industry news and insight.
Spotlight on the customer
In this issue:
What consumers really want - trends and habits dealers must understand to provide the right buying experience
Barriers to EV purchase - many private motorists need extra help before they take the plunge
Delighting used car buyers - it's essential for retailers to offer tailored experiences and great value
Aftersales customer care - valuable interactions are vital as dealerships face fishing in a diminishing pool
A customer-first future - Steve Young, ICDP MD, gives AM an exclusive insight.
Read nowAuthor:
Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
Login to comment
Comments
No comments have been made yet.