Europe's Stellantis and China's Leapmotor will sell electric cars in Europe from September

BusinessLeapmotor vehicles are parked outside a showroom in Hangzhou in eastern China's Zhejiang province on Tuesday, May 14, 2024. European carmaker Stellantis on Tuesday said it had formed a joint venture with the Chinese electric vehicle startup Leapmotor that will begin selling EVs in nine European countries later this year.

Stellantis and Leapmotor, an EV startup, did not provide details on where the electric vehicles would be produced, but that the location must have the “capacity available to support the sales” and meet quality criteria and cost competitiveness. In October last year, Stellantis invested 1.5 billion euro to buy a 21% stake in Leapmotor and announced a strategic partnership.

“Political and regional uncertainties in the future are likely to make it inevitable for Chinese new energy vehicle brands to manufacture globally,” Zhu said.on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment, a move that’s likely to increase friction between the world’s two largest economies.

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Europe's Stellantis and China's Leapmotor will sell electric cars in Europe from SeptemberEuropean carmaker Stellantis says it will begin selling electric vehicles from its Chinese partner Leapmotor in nine European countries later this year.
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Stellantis to rapidly grow exports of Chinese EVs to Europe, other countriesThe announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other countries.
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