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Leapmotor Shares Fall After Stellantis Takes Stake in EV Maker for $1 58 Billion

By Jiahui Huang Zhejiang Leapmotor Technology's shares were lower at the mid-day break after initially rising on news of a 1.5 billion euro ($1.58 billion).

Hong kongJiahui huangZhejiang leapmotor technologyInternational securitiesLeapmotor technologyArticle normalMotor vehiclesPassenger carsAlternative fuel vehiclesFinancial performanceShare price movement disruptionsOwnership changesAcquisitions mergers shareholdingsCorporate actionsCorporate industrial newsEquity markets

A New Deal Shows How Chinese EVs Can Eventually Come to the U S

Stellantis and Leapmotor announced a joint venture that one analyst calls a "remarkable strategy."

Hong kongRepublic ofJeff chungKrisztian bocsi bloombergVinfast autoPolestar automotiveHyundai motorToyota motorNasdaq compositeArticle normalMotor vehiclesPassenger carsAlternative fuel vehiclesAudiovisual productionTelevision program productionMedia entertainment

Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?

Chrysler’s owner is investing $1.6 billion in Hong Kong-listed Leapmotor and setting up a joint venture to export its cars globally

Leonhard simon gettyZhejiang leapmotor technologyZhejiang leapmotorWsjfinance marketsMotor vehiclesPassenger carsSports utility vehiclesAlternative fuel vehiclesAsia pacificBrics countriesGreater chinaEmerging market countriesDeveloping economiesEast asiaOwnership changesJoint ventures consortia

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