Stellantis and Orano Enter Electric Vehicle Battery Recycling Agreement

Morgan Stanley expects similar deals from OEMs as Stellantis (STLA) forms JV with Leapmotor

Stellantis (NYSE: STLA) confirmed Wednesday night that the Chrysler-parent will invest EUR 1.5B to acquire approximately 20% of Chinese automaker, Leapmotor.

The purchase also sets the stage for a planned joint venture between the two entities called, Leapmotor International, a 51/49 Stellantis-led JV that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.

Morgan... More

Stellantis (STLA) closing in on deal to acquire 20% of China's Leapmotor

Stellantis (NYSE: STLA) confirmed Wednesday that the automaker was studying closer ties with Chinese carmakers following a Bloomberg report that said the company was nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company, Zhejiang Leapmotor.

Leapmotor and Stellantis are in talks about establishing a... More

Stellantis (STLA) to form JV with Orano to recycle EV batteries

Stellantis (NYSE: STLA) announced Tuesday the automakers plans to join with French nuclear fuels firm Orano to recycle used electric vehicle batteries and scrap from factories.

The two companies announced, in a joint statement, the signing of a memorandum of understanding, paving the way for the... More

Morgan Stanley remains Overweight on Stellantis (STLA) as UAW strikes continue to escalate

Morgan Stanley reiterated their overweight rating on Stellantis (NYSE: STLA) with a 12-month price target of EUR20.00 amidst escalating UAW strikes that have persisted for over 5 weeks.

The union further escalated strikes on Monday, calling for an additional 6,800 members to strike at Stellantis' largest assembly plant, pausing production of the automaker's RAM 1500 pickup truck. One of the companys most profitable vehicles. The plant is... More