With A COLOSSAL Investment of R$ 9.5 BILLION, Stellantis Acquires 20% of Leapmotor and Can Now Produce, Sell, and Export Electric Cars to Europe and the USA!

Written by Roberta Souza

Published on 21/11/2024 at 18:41

foto/reprodução: REUTERS/Rebecca Cook

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With Leapmotor Selling Over 100,000 Vehicles in China in 2023, the Partnership with Stellantis Promises to Revolutionize the Electric Car Market in Europe and the USA!

Stellantis, one of the largest automakers in the world, has just made an ambitious move in the electric car market by acquiring 20% of the Chinese startup Leapmotor. This strategic move includes a significant investment of 1.5 billion euros (approximately US$ 1.58 billion), reinforcing Stellantis’ commitment to electrification.

New Joint Venture to Boost International Sales

As part of this investment, Stellantis has formed a new joint venture, Stellantis International, in which it holds a 51% stake. This exclusive partnership will allow Stellantis to produce, sell, and export Leapmotor vehicles outside of China, starting with Europe, with planned expansion to the USA. Shipments are scheduled to start in the second half of 2024, according to the website insideevs.

Expansion of Stellantis’ Electrification Portfolio

Stellantis, which already encompasses iconic brands like Jeep, Citroën, Chrysler, and RAM, will utilize the Leapmotor vehicle lineup to achieve its electrification goals outlined in the strategic plan Dare Forward 2030. Leapmotor cars will be produced in Stellantis’ global factories, including in the United States.

ARTICLE CONTINUES BELOW

Leapmotor: Innovation and Global Reach

Leapmotor, based in Hangzhou, has already secured its place in the competitive Chinese electric vehicle market, delivering around 111,000 NEVs in 2022. The company offers innovative models, such as the SUV C11 and the sedan C01, and plans to expand its lineup to cover all segments from A to E over the next three years. Its latest model, the Leapmotor C10 SUV, was unveiled at IAA 2023 in Munich.

Advanced Technology and Versatility

Leapmotor bets on the Leap 3.0 platform, also known as Four-Leaf Clover, which supports both battery electric vehicles (BEVs) and extended-range electric vehicles (EREVs). This technology allows EREVs to use an internal combustion engine solely to generate power for the battery, without a direct connection to the wheels, differing from traditional PHEVs.

A Promising Partnership

With this alliance, Stellantis and Leapmotor are set to revolutionize the global landscape of electric cars, combining technological innovation with unprecedented market reach. This collaboration not only strengthens Stellantis’ position in the electrification sector but also opens new opportunities for Leapmotor to explore markets outside of China, securing a promising future for both companies.

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Fabrício B. Aguirre

#83847

22/11/2024 10:54

Notícia de 2023.

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With A COLOSSAL Investment of R$ 9.5 BILLION, Stellantis Acquires 20% of Leapmotor and Can Now Produce, Sell, and Export Electric Cars to Europe and the USA!

With Leapmotor Selling Over 100,000 Vehicles in China in 2023, the Partnership with Stellantis Promises to Revolutionize the Electric Car Market in Europe and the USA!

New Joint Venture to Boost International Sales

Expansion of Stellantis’ Electrification Portfolio

Leapmotor: Innovation and Global Reach

Advanced Technology and Versatility

A Promising Partnership

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With A COLOSSAL Investment of R$ 9.5 BILLION, Stellantis Acquires 20% of Leapmotor and Can Now Produce, Sell, and Export Electric Cars to Europe and the USA!

With Leapmotor Selling Over 100,000 Vehicles in China in 2023, the Partnership with Stellantis Promises to Revolutionize the Electric Car Market in Europe and the USA!

New Joint Venture to Boost International Sales

Expansion of Stellantis’ Electrification Portfolio

Leapmotor: Innovation and Global Reach

Advanced Technology and Versatility

A Promising Partnership

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.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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.

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.

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.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

A gasoline engine that consumes less than 3.3 liters per 100 km, about 40% below the European average, was presented by Horse Powertrain, a joint venture of Renault, Geely, and Aramco, and runs on 100% renewable gasoline at a time when Europe is discussing banning combustion engines in 2035.

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