Global motoring powerhouse Stellantis will ship and sell vehicles from fast-growing Chinese car maker Leapmotor in Europe as part of a €1.5 billion (£1.3bn) investment deal.
Taking a 20% stake in the firm – which gives it two board of directors seats – the move also creates the Stellantis-majority-owned Leapmotor International, under which the models will be sold outside of China. Shipments are expected to begin in the second half of 2024.
