Stellantis JV with Leapmotor formalised, announces international expansion including India

Sumitomo Rubber Unveils New Corporate Profile

European auto major Stellantis, and China’s Leapmotor have announced that the two companies have received all required authorisations and the formation of Leapmotor International, a 51/49 Stellantis-led joint venture, is now complete. 

Headquartered in Amsterdam, the management team led by CEO Tianshu Xin, a former Stellantis China executive, is now laying the groundwork for expanding the T03 and C10 first in the European markets and expanding to India & Asia Pacific (excluding Greater China), Middle East & Africa, and South America starting in the fourth quarter 2024.
In October 2023, the two companies announced that Stellantis would invest 1.5 billion euros (INR 131 billion) to acquire approximately 21% equity in Leapmotor, an automotive company ranked in the top 3 Chinese EV startup brands in 2023. 

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