Stellantis Acquired Shares of Leapmotor

Stellantis Acquired Shares of Leapmotor

While Chinese automobiles were heading towards complete dominance in the European market, investment from Europe's largest companies came to China. 

Stellantis Group, which has a wide dominance in both the European and world markets such as Fiat, Peugeot, Opel and Citroen, announced that they have acquired a 20 percent share of Leapmotor, which recently launched its small model T03 in Turkey. 

Located in a central location in Hangzhou, China, Leapmotor has been serving in the market for more than 30 years with its work on electronics and artificial intelligence. Leapmotor, which currently has many models in its product range as cars and vehicles, sold 20 percent of it by paying 1.5 billion euros by Stellantis. 

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