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Home » Stellantis nears deal to buy 20% of Chinese EV maker Leapmotor

Stellantis nears deal to buy 20% of Chinese EV maker Leapmotor

A 20% stake would be worth upwards of $1 billion

Bloomberg NewsbyBloomberg News
October 25, 2023
in Risk Management
Reading Time: 2 mins read
0
A Leapmotor T03 electric vehicle at the Zhejiang Leapmotor Technologies pavilion at the Munich Motor Show in September.

Bloomberg

Stellantis NV is nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company Zhejiang Leapmotor Technologies Ltd., people with knowledge of the matter said, marking the latest attempt by the carmaker to boost its presence in the world’s biggest auto market. The companies are hammering out final details of a transaction […]

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Tags: Chinaelectric vehiclesPremiumStellantis NV
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