Stellantis Invests $1.58 Billion in Chinese EV Company Leapmotor

Stellantis has invested €1.5 billion ($1.58 billion) in Chinese electric-vehicle business Leapmotor as the automaker seeks to expand global sales through a joint venture.

Netherlands-based Stellantis now holds a 20% stake in Leapmotor. The two companies plan to create Leapmotor International, a joint venture focused on exporting and selling Leapmotor products outside of Greater China.