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Jeep, Dodge maker Stellantis to invest $1.6 billion in Chinese EV startup Leapmotor

Jeep, Dodge maker Stellantis to invest $1.6 billion in Chinese EV startup Leapmotor

Chinese EV maker Leapmotor launched its first car for the international markets called the C10.

Arjun Kharpal | CNBC

Stellantis on Thursday said it will invest 1.5 billion euros ($1.58 billion) in Chinese electric vehicle startup Leapmotor, as traditional automakers look for a way to compete in China’s cutthroat market.

The companies will form the Leapmotor International joint venture, aiming to boost sales of the Chinese brand’s electric cars…


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