Post

Stellantis resets China strategy with $1.6 bln stake in EV firm Leapmotor

Downvote
reuters.com/business/autos-transportation/chinas-zhejiang-leapmotor-will-issue-shares-worth-11-bln-stellantis-2023-10-25

[1/2] A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo Acquire Licensing Rights
HANGZHOU, China, Oct 26 (Reuters) - Stellantis is buying a 21% stake in Leapmotor for $1.6 billion, it said on Thursday, in a reset of its China strategy to focus on electric vehicles after years of…

This story from reuters.com was posted on 2023-10-26 by @honeybl.

Comments

The Entire Business World on a Single Page. Free to Use →