Stellantis' Strategic Investments and Partnerships Bolster Global EV Presence

Stellantis, the fourth-largest automaker, is significantly expanding its electric vehicle (EV) footprint with a series of strategic investments and partnerships In Brazil, the company plans to invest 30 billion reais ($6.07 billion) from 2025 to 2030, introducing over 40 new models, including hybrid-flex vehicles, as part of a push to revitalize the industry in collaboration with President Lula da Silva The investment aligns with the Mover automotive program, promising the incorporation of electrification technology into flex-fuel models and the production of electric vehicles. Additionally, a budding international partnership has been approved by China's National Development and Reform Commission, allowing Stellantis to forge a joint venture with Chinese EV manufacturer Leapmotor This will enable Stellantis to build and sell Leapmotor's EVs outside China, with its sights set on acquiring a 21% stake in Leapmotor for $1.6 billion as part of its strategy to tap into the burgeoning Chinese EV market This move coincides with rising trade tensions between China and the EU, who is scrutinizing potential unfair subsidies awarded to Chinese EV manufacturers..