Stellantis, Leapmotor to start sales of budget EVs in nine European countries in September

HANGZHOU, China - Automaker Stellantis will start to sell electric vehicles from its Chinese partner Leapmotor in nine European countries from September to expand its offer of budget cars, CEO Carlos Tavares said on Tuesday.

It is part of a wider partnership between the two groups which saw the Franco-Italian group saying last year it was buying a 21% stake in Leapmotor in a $1.6 billion deal.Through the JV, Stellantis has exclusive rights to build, export and sell Leapmotor products outside China, a first for a legacy Western automaker, at a time when a number of Chinese manufacturers, including BYD, Chery and Dongfeng are announcing or assessing new plants in Europe.

The stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says

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Stellantis Hires €50,000 Engineers in Brazil, India to Cut CostsStellantis NV has moved to recruiting a majority of its engineering workforce in lower-cost countries like Morocco, India and Brazil, as carmakers slash expenses to contend with cheaper Chinese electric vehicles and slower demand.
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