Stellantis and Leapmotor Forge Strategic Joint Venture

Stellantis is poised to strengthen its electric vehicle (EV) market presence through a strategic alliance with Chinese OEM Leapmotor Approximately six months after investing $1.6 billion in Leapmotor, Stellantis is reportedly set to officially announce a new joint venture named Leapmotor International This venture aims to sell Leapmotor's China-built EVs globally with a focus on the European and potentially the U.S. markets The announcement of the joint venture is expected very soon, signaling a significant step in global EV collaboration between the two automakers.