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6 months ago

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Stellantis resets China strategy with $1.6 bln stake in EV firm Leapmotor

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Stellantis resets China strategy with $1.6 bln stake in EV firm Leapmotor

Stellantis is buying a 21% stake in Leapmotor Technology for $1.6 billion, it said on Thursday, in a reset of its China strategy to focus on EVs after years of poor sales and manufacturing pullback in the world's biggest auto market.

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Stellantis resets China strategy with $1.6 bln stake in EV firm Leapmotor

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Stellantis resets China strategy with $1.6 bln stake in EV firm Leapmotor

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