Stellantis to pick up 20% stake in Leapmotor for 1.5 billion euros
European auto major Stellantis has announced that it plans to invest around 1.5 billion euros to acquire approximately 20 percent stake in Leapmotor. This agreement with Leapmotor will make Stellantis a significant shareholder in the company.
The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside China. This will be an industry-first global electric vehicle relationship between a leading automaker and a Chinese pure-play electric vehicle manufacturer.
