Deals
Stellantis Weighs Tie-Up With EV Maker to Expand in China, Sources Say
- Carmaker has explored partnership with firms such as Leapmotor
- Firm halted China production of Jeep brand last year
A Leapmotor C11 electric SUV, left, and a Leapmotor TO3 electric mini car at the Paris Motor Show in 2022.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Stellantis NV is considering a tie-up with a Chinese electric vehicle company as Europe’s second-largest automaker by sales seeks to bolster its presence in the world’s biggest auto market, according to people familiar with the matter.
The carmaker has explored potentially working with Chinese EV makers including Zhejiang Leapmotor Technologies Ltd., the people said, asking not to be identified because the matter is private. Following in the footsteps of its rivals, Stellantis is weighing options such as investing in a local EV firm and a business partnership that would help it grow in China, the people said.