STELLANTIS Acquires 20% Stake in Leapmotor as Part of Strategy to Compete with BYD

Written by Bruno Teles

Published on 18/01/2024 at 14:16

Foto: Divulgação/C10

Be the first to react!

In A Bold Strategic Move, STELLANTIS Acquired 20% Of The Chinese Startup Leapmotor, Marking A Major Step In Its Effort To Compete With The Growing Dominance Of BYD In The Global Vehicle Market.

STELLANTIS, one of the largest automotive groups in the world, faces fierce competition from BYD, the leader in the electric vehicle segment, with its recent acquisition of 20% of Leapmotor. This investment signals a significant shift in STELLANTIS’s strategy, aiming to strengthen its position in the electric and hybrid vehicle market.

Leapmotor, a successful Chinese startup, has stood out in Asia for its modern, technological, and safe vehicles. Its main product, the mid-size SUV C10, combines quality, advanced technology, and an affordable price, attractive features for STELLANTIS’s portfolio.

Partnership Details

According to the agreement, outside of China, Leapmotor will retain 49% of the profits while STELLANTIS will keep 51%. Within China, the profit-sharing division favors STELLANTIS less, reflecting a strategic balance in global operations.

ARTICLE CONTINUES BELOW

Leapmotor C10 Specifications

The C10, a mid-size SUV, offers a blend of performance, safety, and technology. With generous dimensions, it provides space for five adults and 580 liters of luggage. Its sleek design is complemented by full LED headlights and 19-inch wheels. The interior is minimalist, with high-quality finishes and a range of advanced features.

The C10 is available in both hybrid and 100% electric versions. The hybrid versions use a 95-horsepower combustion engine to recharge the 28.4 kWh batteries. The 100% electric versions feature a rear motor with 231 horsepower and 69.9 kWh batteries.

The C10 features a sophisticated lidar radar, as well as a wide range of safety and semi-autonomous driving assistants. Its technological features include a configurable digital dashboard and a multimedia center with a 14-inch screen.

Implications For STELLANTIS

STELLANTIS’s acquisition of Leapmotor represents an important strategic reinforcement for the company in an increasingly competitive global market. By combining Leapmotor’s innovative technology with STELLANTIS’s strength and experience, this partnership could boost the global presence of both in the electric and hybrid vehicle sector.

By investing in Leapmotor, STELLANTIS not only expands its portfolio but also strengthens its competitive position against giants like BYD. This partnership demonstrates STELLANTIS’s commitment to innovation and adaptation to emerging trends in the automotive market. This strategic move could have a significant impact on the sector, especially in the growing electric and hybrid vehicle market.

STELLANTIS Acquires 20% Stake in Leapmotor as Part of Strategy to Compete with BYD

In A Bold Strategic Move, STELLANTIS Acquired 20% Of The Chinese Startup Leapmotor, Marking A Major Step In Its Effort To Compete With The Growing Dominance Of BYD In The Global Vehicle Market.

Partnership Details

Leapmotor C10 Specifications

Implications For STELLANTIS

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Cristiano Ronaldo builds a billion-dollar mansion in Portugal with 54,000 square feet, a 3-acre plot facing the Atlantic, private spa, indoor and outdoor pools, and an estimated value of an impressive R$ 385 million.

Portugal installs two giant underwater sockets to draw water from the Atlantic and create a €107.9 million desalination plant in the Algarve capable of producing 43.2 million liters of potable water per day with ocean intake 2 km from the coast.

Stopped cargo is costly: Single Window can reduce R$ 40 billion per year and change the game of exports in Brazil

A satellite from NASA and the French agency captured from space the largest wave ever measured in the open sea, a wall of water nearly 20 meters high generated by Storm Eddie in the North Pacific in December 2024, as tall as a six-story building.

End of the bathroom built from scratch on-site: construction industry enters the era of factory-made modules with plumbing, electrical, toilet, sink, tiling, and complete finishing to be hoisted, fitted, and connected to the house as a ready-to-use bathroom.

More than 10 tons of garbage are removed from Vila da Barca during a revitalization operation in Belém, in an initiative that combines urban cleaning, structural recovery, and environmental improvements to transform one of the most well-known areas of the capital of Pará.

An American tower with 54 rotating barrels kills entire swarms of kamikaze drones in less than 3 seconds without needing radar, while Brazil still spends millions on systems dependent on detectable electronics that are easy to bypass in real conflict.

STELLANTIS Acquires 20% Stake in Leapmotor as Part of Strategy to Compete with BYD

In A Bold Strategic Move, STELLANTIS Acquired 20% Of The Chinese Startup Leapmotor, Marking A Major Step In Its Effort To Compete With The Growing Dominance Of BYD In The Global Vehicle Market.

Partnership Details

Leapmotor C10 Specifications

Implications For STELLANTIS

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Cristiano Ronaldo builds a billion-dollar mansion in Portugal with 54,000 square feet, a 3-acre plot facing the Atlantic, private spa, indoor and outdoor pools, and an estimated value of an impressive R$ 385 million.

Portugal installs two giant underwater sockets to draw water from the Atlantic and create a €107.9 million desalination plant in the Algarve capable of producing 43.2 million liters of potable water per day with ocean intake 2 km from the coast.

Toyota Hilux becomes a ‘cargo truck’: automaker declares a new era for the pickup with greater capacity, reinforced chassis, 2.8 turbodiesel engine, raised suspension, 1,525 kg load capacity, and targets Ford Ranger Super Duty, which tows an impressive 4,500 kg.

Could the invasion of Chinese cars in Brazil be destroying the country’s automotive industry? Analysis points to problems

New Fiat car replacing the Siena in Brazil has a range of up to 760 km, a trunk capacity of 525 liters, and a reduced price in a surprising campaign that makes the automatic sedan leave Chevrolet’s rival, the Onix Plus, behind among PcD buyers.

Toyota embarrassed: car from the brand receives zero safety rating even with airbags and stability control; naturally aspirated 1.5 hatch with up to 105 hp had structure considered unstable and insufficient protection for head and chest.

Fiat Uno 2004 becomes an artisanal “mini Renegade,” gains SUV parts, digital dashboard, head-up display, and even makes modern cars look basic.

Stopped cargo is costly: Single Window can reduce R$ 40 billion per year and change the game of exports in Brazil

A satellite from NASA and the French agency captured from space the largest wave ever measured in the open sea, a wall of water nearly 20 meters high generated by Storm Eddie in the North Pacific in December 2024, as tall as a six-story building.

End of the bathroom built from scratch on-site: construction industry enters the era of factory-made modules with plumbing, electrical, toilet, sink, tiling, and complete finishing to be hoisted, fitted, and connected to the house as a ready-to-use bathroom.

More than 10 tons of garbage are removed from Vila da Barca during a revitalization operation in Belém, in an initiative that combines urban cleaning, structural recovery, and environmental improvements to transform one of the most well-known areas of the capital of Pará.

An American tower with 54 rotating barrels kills entire swarms of kamikaze drones in less than 3 seconds without needing radar, while Brazil still spends millions on systems dependent on detectable electronics that are easy to bypass in real conflict.