Stellantis Leapmotor Partnership 2023 Strategic Announcement

Stellantis announces a strategic partnership with Leapmotor, acquiring approximately 20% of the Chinese EV manufacturer's common shares for €1.5B. The partnership establishes an industry-first global commercial joint venture with Stellantis owning 51%, targeting over 500,000 units in international sales by 2030 while leveraging Leapmotor's tech-first EV capabilities and cost-competitive manufacturing.