The Franco-Italian automaker last year bought a 21% stake in electric vehicle maker Leapmotor in a USD 1.6 billion deal. As part of that deal, the two groups announced a joint-venture, which is 51%-controlled by Stellantis and which gives the European carmaker exclusive rights to manufacture Leapmotor s products outside China.
Indian Ev Jobs: As India emerges as a key player in the global electric vehicle market, companies like Tata Motors and Ather Energy are actively recruiting expat talent, seeking expertise in R&D, engineering, and strategic partnerships to fuel their growth in this burgeoning industry.
The upcoming launch signifies the automaker s focus on expanding its operations in India, especially in the electric vehicle segment. Rajeev Chaba, chairman emeritus of MG Motor India, highlighted the importance of electric vehicles in the Indian market, with expectations that EVs will comprise 15-20% of all passenger vehicles sold by 2030.
Fisker: Failure to comply with the NYSE s rules can lead to a delisting and companies typically use reverse stock splits to regain compliance with the minimum price requirement.