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

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

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