US-based marque Stellantis and Chinese language electrical car start-up Leapmotor introduced on Tuesday a three way partnership named Leapmotor Worldwide, with Stellantis holding a 51% stake. The enterprise goals to increase the gross sales of Leapmotor EVs past China and set up manufacturing services outdoors the nation, leveraging Stellantis’s manufacturing capabilities.This partnership follows Stellantis’s acquisition of a 21% stake in Leap Motor for $1.6 billion final 12 months, signaling a broader collaboration between the 2 teams.
Stellantis-Leap Motor JV goals to begin delivery automobiles to 9 European international locations, together with France and Germany, beginning September. Following this preliminary launch, the EVs might be launched in markets throughout the Center East, Africa, India, the Asia-Pacific area, and South America later within the 12 months. In India, the JV will start its operations in This autumn 2024.
Stellantis, Leap Motor JV: Which fashions are more likely to debut first in India?
The T03 hatchback and C10 SUV are poised to develop into the primary fashions launched by Stellantis globally this 12 months. Moreover, they are going to be accompanied by two extra hatchbacks and two extra SUVs by the 12 months 2027-28. The fashions which might be more likely to arrive in India later this 12 months are the T03 hatchback and C10 SUV.

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Below the JV settlement, Stellantis positive factors unique rights to fabricate, export, and distribute Leap Motor merchandise outdoors China, marking a major milestone for a Western automaker partnering with a Chinese language EV firm.
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