Stellantis Close to Buying 20% of Chinese EV Company Leapmotor, Bloomberg Reports
-- Stellantis is nearing a deal to buy around 20% of Zhejiang Leapmotor Technology, a Chinese electric-vehicle maker, Bloomberg reported citing unnamed sources.
-- The stake could be valued at more than $1 billion, Bloomberg reported.
-- The Netherlands-based maker of Jeep, Dodge and a dozen other brands are also considering a joint venture for car sales outside of China, Bloomberg reported, adding that an announcement could be made within a few days.
Full story: https://bit.ly/3tMeKKy
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
October 25, 2023 09:07 ET (13:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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