Stellantis-Led Joint Venture and Market Trends

Leapmotor International, a joint venture majority-owned by Stellantis, is evaluating its entry into the South Korean market by leveraging Stellantis' existing dealer network This move would facilitate the market debut of their electric vehicles in the region According to reports, high-level executives from Stellantis in South Korea will soon conduct assessments of local Jeep and Peugeot dealerships. In another market development, sales of Plug-in Hybrid Electric Vehicles (PHEVs) have continued their declining trend in Q2, marking the sixth consecutive quarter of downturns in PHEV purchases.