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Stellantis takes $1.6 billion stake in China’s Leapmotor, forming JV to sell its EVs in Europe

Stellantis Leapmotor

One year after filing for bankruptcy with its Jeep joint venture in China, Stellantis has found a new partner in EV startup Leapmotor to utilize its existing technology ecosystem as part of a $1.6 billion joint venture that will expand availability of the Chinese EVs in new markets in Europe, possibly beyond.

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