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Stellantis has bought a stake of 20% in the Chinese start-up for electric vehicles Leapmotor. Beyond reinforcing its grip on the Chinese market, the car giant has also stepped into a joint venture for export to nearby Asian countries and Europe. The deal is worth 1,5 billion euros.The news was rumored already since summer. Weighing its options, Stellantis sought to collaborate with a local carmaker and change strategy after CEO Carlos Tavares decided to pull the plug on the inherited Chinese Jeep production, which was a blow for partner GAC.This content has been archived. Log in or Subscribe to a…<\/p>\n","category_list_v2":"China<\/a>, Industry<\/a>, Product<\/a>, Technology<\/a>, Top Stories Today<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nStellantis' new Chinese strategy is a marriage with Leapmotor - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2023\/10\/27\/stellantis-new-chinese-strategy-is-a-marriage-with-leapmotor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellantis' new Chinese strategy is a marriage with Leapmotor - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Stellantis has bought a stake of 20% in the Chinese start-up for electric vehicles Leapmotor. Beyond reinforcing its grip on the Chinese market, the car giant has also stepped into a joint venture for export to nearby Asian countries and Europe. The deal is worth 1,5 billion euros.The news was rumored already since summer. 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