Stellantis Mulls Joining Hands With Chinese EV Maker For Market Expansion: Report
Portfolio Pulse from Shivani Kumaresan
Stellantis NV is reportedly planning to partner with a Chinese electric vehicle company, potentially Zhejiang Leapmotor Technologies Ltd., to expand its presence in the global auto market. Volkswagen AG has also expressed interest in partnering with Leapmotor. The potential collaboration aligns with Stellantis' asset-light strategy proposed by CEO Carlos Tavares for China.
August 23, 2023 | 4:31 pm
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POSITIVE IMPACT
Stellantis NV is considering a partnership with a Chinese EV maker to expand its market presence.
The potential partnership with a Chinese EV maker could help Stellantis expand its market presence, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Volkswagen AG has expressed interest in a potential partnership with Leapmotor.
Volkswagen's potential partnership with Leapmotor could help it expand its presence in the EV market, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60