Stellantis has acquired a 20% stake in Leapmotor and will help export its vehicles outside of China.
Stellantis is in the process of forming a comprehensive strategic partnership with Leapmotor, a Chinese EV company that was established in 2015 and last year sold approximately 111,000 vehicles in its home market.
Stellantis and Leapmotor will also form the joint venture Leapmotor International, of which Stellantis will own a 51% stake. The joint venture will be responsible for the export and sale, as well as production, of Leapmotor vehicles outside of China. The first exports are scheduled for the second half of 2024, with Europe named as the first destination.
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