{"id":612527,"date":"2023-10-26T11:35:45","date_gmt":"2023-10-26T06:05:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=612527"},"modified":"2023-10-26T11:43:20","modified_gmt":"2023-10-26T06:13:20","slug":"stellantis-resets-china-strategy-with-1-6-billion-stake-in-ev-firm-leapmotor","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/stellantis-resets-china-strategy-with-1-6-billion-stake-in-ev-firm-leapmotor\/","title":{"rendered":"Stellantis resets China strategy with $1.6 billion stake in EV firm Leapmotor"},"content":{"rendered":"<p>Stellantis is buying a 21% stake in Leapmotor for $1.6 billion, it said on Thursday, in a reset of its China strategy to focus on electric vehicles after years of poor sales and manufacturing pullback in the world&#8217;s biggest auto market.<\/p>\n<p>The Chinese EV maker also announced the formation of a joint venture with Stellantis, in which the Chrysler parent will own a 51% stake giving it exclusive rights for the export, sale and manufacturing of Zhejiang Leapmotor Technology&#8217;s products outside Greater China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stellantis is buying a 21% stake in Leapmotor for $1.6 billion, it said on Thursday, in a reset of its China strategy to focus on electric vehicles after years of poor sales and manufacturing pullback in the world&#8217;s biggest auto market. The Chinese EV maker also announced the formation of a joint venture with Stellantis, in which the Chrysler parent will own a 51% stake giving it exclusive rights for the export, sale and manufacturing of Zhejiang Leapmotor Technology&#8217;s products outside Greater China.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-612527","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=612527"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612527\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=612527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=612527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=612527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}