Stellantis (STLA) Takes 20% Stake in Leapmotor for EUR 1.5B
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Morgan Stanley expects similar deals from OEMs as Stellantis (STLA) forms JV with Leapmotor
October 26, 2023 12:17 PM EDTStellantis (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.
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