Stellantis & Leap Motor Rev Up For India Entry: Electric Models To Debut In Q4 2024

In a groundbreaking move in the realm of electric vehicles (EVs), Stellantis, the US-based automotive giant, and Leapmotor, a pioneering Chinese EV startup, have solidified their collaboration with the establishment of Leapmotor International, a joint venture aimed at accelerating the global adoption of electric mobility. With Stellantis securing a majority stake of 51%, the partnership signifies a strategic alignment between Western automotive prowess and Chinese innovation.

Building on Previous Investments
This venture marks a strategic evolution from Stellantis's initial investment of $1.6 billion, acquiring a 21% stake in Leap Motor last year. This considerable investment signalled Stellantis's foresight in recognizing the potential of Leapmotor's technology and its commitment to fostering a deeper partnership in the EV domain.

A Global Vision for Electric Mobility
Leapmotor International is poised to reshape the global EV landscape by extending Leap Motor’s reach beyond the confines of China. Leveraging Stellantis's robust manufacturing capabilities, the joint venture aims to establish production facilities outside China, facilitating the seamless production and distribution of Leap Motor EVs worldwide.