Stellantis JV gets approved rights to sell China’s Leapomotor EVs
Five months after signing a proposed joint venture with EV automaker Leapmotor, Stellantis has reportedly gained regulatory approval in China to continue its stake. This deal is the first of its kind for a Western automaker and gives Stellantis the exclusive rights to build, export, and sell Leapmotor brand EVs outside of China, and it is already mulling some exciting markets for them.
Today’s report is the latest milestone in a joint venture process that began in October 2022, when Stellantis claimed a…