Stellantis Secures Competitive Edge with $1.1 Billion Investment in China’s EV Market
Stellantis NV recently announced a $1.1 billion deal aimed at acquiring a stake in Chinese electric vehicle maker Zhejiang Leapmotor Technologies Ltd. In an endeavour to provide more affordable Electric Vehicles (EVs), the company believes this strategic move will give it a competitive advantage amidst the expected flood of lower-priced exports from China. Briefing the…