Stellantis NV on Thursday announced a 1.5 billion euro ($1.6 billion) deal to acquire a 20% stake in China's Leapmotor Technology in a move that gives the European automaker a vital foothold in the world's largest auto market.
He’s not falling into a trap lol. He’s been outspoken about the “China threat” because his company has failed miserably on the Chinese market and he had nothing to lose there anymore. But economic and technological realities compel any carmaker trying to compete in EVs globally to have some sort of exposure to the largest, most advanced EV market in the world.
He’s not falling into a trap lol. He’s been outspoken about the “China threat” because his company has failed miserably on the Chinese market and he had nothing to lose there anymore. But economic and technological realities compel any carmaker trying to compete in EVs globally to have some sort of exposure to the largest, most advanced EV market in the world.