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Stellantis will pay China's Leapmotor $1.6 billion for a 20 percent stake

Stellantis To Buy Stake In Chinese EV Start-up Leapmotor

Global carmaker Stellantis said Thursday it will buy a 20 percent stake in Chinese electric car maker Leapmotor, making it the latest European brand seeking a foothold in the country's highly competitive market via partnerships with local manufacturers.

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