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Joined 1 year ago
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Cake day: October 25th, 2023

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  • Main points of the deal:

    • They will establish a joint venture (JV), Stellantis 51%, Leapmotor 49% called Leapmotor International
    • Leapmotor will be in charge of China manufacturing and sales, and Stellantis will have exclusivity for all markets outside China
    • Leapmotor vehicles will be manufactured in Stellantis plants globally, including the US, if tariffs are too high, according to CEO Tavares
    • First Leapmotor vehicles will be exported to Europe in second half 2024, US market will follow.