{"id":612745,"date":"2023-10-27T10:02:17","date_gmt":"2023-10-27T04:32:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=612745"},"modified":"2023-10-27T10:37:45","modified_gmt":"2023-10-27T05:07:45","slug":"stellantis-to-pick-up-20-stake-in-leapmotor-for-1-5-billion-euros","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/stellantis-to-pick-up-20-stake-in-leapmotor-for-1-5-billion-euros\/","title":{"rendered":"Stellantis to pick up 20% stake in Leapmotor for 1.5 billion euros"},"content":{"rendered":"<p>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. <\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-612745","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612745","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=612745"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612745\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=612745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=612745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=612745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}