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.
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Author:
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.
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