Stellantis To Become A Strategic Shareholder Of Leapmotor With €1.5B Investment
Portfolio Pulse from Charles Gross
Stellantis N.V. plans to invest €1.5 billion to acquire approximately 20% of Leapmotor, making it a significant shareholder. The deal also includes the formation of Leapmotor International, a Stellantis-led joint venture with exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.
October 25, 2023 | 11:12 pm
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Stellantis's investment in Leapmotor could potentially expand its presence in the electric vehicle market, particularly in regions outside Greater China.
Stellantis's investment in Leapmotor and the formation of a joint venture could potentially expand its presence in the electric vehicle market. This could lead to increased revenues and profitability in the long term, which could positively impact its stock price.
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