Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Trump pledged to be a ‘peacemaker’ in the Middle East — now the United States is entering a new war

June 22, 2025

Senate rejects 18% tax on solar panels

June 22, 2025

World leaders react after Trump says U.S. has bombed 3 nuclear sites in Iran, including Fordo

June 22, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » Europe’s Stellantis and China’s Leap Motor to sell electric cars in Europe from September
China

Europe’s Stellantis and China’s Leap Motor to sell electric cars in Europe from September

i2wtcBy i2wtcMay 15, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


HONG KONG (AP) – European automaker Stellantis said Tuesday it has formed a joint venture with Chinese electric vehicle startup Leap Motor to begin selling EVs in nine European countries later this year.

Stellantis CEO Carlos Tavares said at a press conference in Hangzhou that sales will begin in September for Belgium, France, Italy, Germany, Greece, the Netherlands, Romania, Spain and Portugal.

Starting in the fourth quarter, electric vehicles will be sold in India and the Asia-Pacific region, as well as countries in South America, the Middle East and Africa, Tavares said.

Stellantis and EV start-up Leap Motor did not provide details about where the electric vehicles will be produced, but said the locations must have “capacity to support sales” and meet quality standards and cost competitiveness. He said there is.

The models to be launched are the T03 and C10 models, and Tavares said the company plans to introduce one new model every year for the next three years.

“We expect international sales of these models to grow significantly,” he said.

The two companies announced that they will establish a new joint venture called Leapmotor International to manufacture and sell Leapmotor electric vehicles outside of China. Stellantis owns 51% and Leap Motor owns 49%.

Last October, Stellantis invested 1.5 billion euros ($1.61 billion) to acquire a 21% stake in Leap Motor and announced a strategic alliance.

Leapmotor CEO Zhu Jiangming said the partnership with Stellantis will give the company access to factories around the world as well as extensive overseas sales agents and distribution systems. .

“Future political and regional uncertainties are likely to make it inevitable for Chinese new energy vehicle brands to manufacture globally,” Zhu said.

His comments follow the Biden administration’s announcement. plans to impose new tariffs The move, which targets China’s electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment, is likely to increase friction between the world’s two largest economies.

Both the United States and Europe have accused China of overproducing electric vehicles and dumping them on overseas markets.

—

This article has been amended to correct a typo in the name of the Stellantis CEO mentioned in the first instance.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

China

Power fully restored in flood-ravaged south China county after massive emergency response-Xinhua

June 22, 2025
China

Expo showcases South Asian cultural delight in Kunming-Xinhua

June 22, 2025
China

Chinese nationals evacuated from Iran arrive in Beijing-Xinhua

June 22, 2025
China

American youngsters explore Sino-U.S. historic friendship in Stilwell Museum-Xinhua

June 21, 2025
China

How upgrading China-South Asia economic and trade cooperation bolsters regional development-Xinhua

June 21, 2025
China

Instant retail reshapes consumption habits in China, driving new growth-Xinhua

June 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Trump pledged to be a ‘peacemaker’ in the Middle East — now the United States is entering a new war

June 22, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Trump pledged to be a ‘peacemaker’ in the Middle East — now the United States is entering a new war

June 22, 2025

Senate rejects 18% tax on solar panels

June 22, 2025

World leaders react after Trump says U.S. has bombed 3 nuclear sites in Iran, including Fordo

June 22, 2025
Most Popular

Biden bans Chinese cryptocurrency miners from land near nuclear missile base

May 14, 2024

Biden’s tariffs on Chinese EVs may not stop growing threat

May 15, 2024

Putin arrives in China’s ‘Little Moscow’ as allies seek to deepen trade

May 17, 2024
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.