In a significant twist to the global automobile industry’s pivot towards electric vehicles (EVs), Stellantis, a multinational automotive manufacturing corporation, has purchased a 20% stake in a Chinese EV manufacturer. The $1B deal marks the second stake acquisition of a Chinese electric vehicle maker by a foreign automobile manufacturer in a span of three months.
The multinational law firms of Allen & Overy (A&O) and Clifford Chance played pivotal roles, advising Stellantis throughout the acquisition process. Further specifics around the deal, the advising team and other details remain undisclosed due to the article residing behind a paywall.
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