Stellantis is considering a tie-up with a Chinese electric vehicle company as Europe’s second-largest automaker by sales seeks to bolster its presence in the world’s biggest auto market, people familiar with the matter told Bloomberg.
The parent company of Chrysler, Ram, Jeep and several global brands has explored potentially working with Chinese EV makers such as Zhejiang Leapmotor Technologies Ltd., the people said, asking not to be identified because the matter is private. Following in the footsteps of its rivals, Stellantis is weighing options such as investing in a local EV firm and a business partnership that would help it grow in China, the people said.
Considerations are ongoing and no final decisions have been made, the people said. Other global automakers including Volkswagen Group have also expressed interest in a potential tie-up with Leapmotor, one of the people said. Reuters reported VW's talks with Leapmotor this month.
