HONG KONG — 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.
From Q4, electric vehicles will also be sold to countries in South America, Middle East and Africa, as well as India and the Asia Pacific, Tavares said. The models launched will be the T03 and C10 models, with plans to introduce one new model annually over the next three years, Tavares said.The two companies announced new a joint venture called Leapmotor International to manufacture and sell Leapmotor’s electric vehicles outside of China. It is 51% owned by Stellantis and 49% owned by Leapmotor.Stock market today: Global shares are mixed in muted trading after Wall Street barely budgesIn October last year, Stellantis invested 1.