Europe Moves to End Reliance on China EVs With €4.4bn Factory Plans
Two of Europe’s largest car makers Stellantis and Mercedes-Benz have raised about €4.4 billion to set up three new electric vehicle (EV) gigafactories across the European Union (EU) in the coming years. The companies said in a press release on…
Stellantis Leapmotor Deal Wins Mixed Reviews As It Seeks EV Traction
Stellantis’s deal with Leapmotor of China was welcomed by some analysts as vital in its bid to survive, or even thrive, as the electric car revolution gains pace. Some though considered it a bit risky. Stellantis, with its huge collection…
Stellantis Plans To Invest 1.5 Billion Euros in Chinese EV Manufacturer Leapmotor
Stellantis plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late Wednesday. The European-based maker of Jeep and Ram and Leapmotor said in a joint statement that they…
Samsung, Alongside Stellantis To Build Its First Electric Vehicle Battery Plant In The US
South Korean battery maker Samsung SDI said it will build its first electric vehicle (EV) battery plant in the US with global carmaker Stellantis N.V., joining other local rivals’ moves to tap deeper into the region. The announcement confirms earlier…
