Stellantis to Become a Strategic Shareholder of Leapmotor with €1.5 Billion Investment and Bolster Leapmotor’s Global Electric Vehicle Business

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Go back to Stellantis to Become a Strategic Shareholder of Leapmotor with €1.5 Billion Investment and Bolster Leapmotor’s Global Electric Vehicle Business

Morgan Stanley expects similar deals from OEMs as Stellantis (STLA) forms JV with Leapmotor

October 26, 2023 12:17 PM EDT

Stellantis (NYSE: STLA) confirmed Wednesday night that the Chrysler-parent will invest EUR 1.5B to acquire approximately 20% of Chinese automaker, Leapmotor.

The purchase also sets the stage for a planned joint venture between the two entities called, Leapmotor International, a 51/49 Stellantis-led JV that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.

Morgan... More