Oct. 26, 2023 11:41 am ET
Shopping for right into a Chinese language automaker seems like an awesome reply to the problem of constructing cheaper electrical autos. If solely it had been simpler to select winners.
Chrysler proprietor Stellantis mentioned Thursday that it was spending the equal of about $1.6 billion to purchase a roughly 20% stake in Zhejiang Leapmotor Know-how. It should get two board seats and change into Leapmotor’s unique export associate through a Europe-based three way partnership through which Stellantis will personal 51%.
Copyright ©2023 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
