Spoiler alert: it involves a Chinese manufacturer called Leapmotor.
Stellantis, the automotive behemoth that has no fewer than 16 brands in its portfolio, including Dodge, Fiat, and Jeep, wants to make cheap EVs more readily available with a bit of help from a new Chinese partner called Leapmotor. After a $1.6 billion investment, Stellantis will own a 20 percent equity stake in Leapmotor’s parent company, and the two will set up a joint venture that will – you guessed it – export the Chinese manufacturer’s battery-powered cars in other parts of the world.
The cheapest model made by Leapmotor, the pint-sized T03 that measures just 142.5 inches long, starts at about $10,900 in China, before tariffs and country-specific value-added tax , so there is some wiggle room, at least at first sight.
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