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Stellantis acquires 21% stake in Leapmotor for a low-cost EV strategy, overcoming tariffs.
Stellantis, the fourth-largest automaker, is shifting to a low-cost strategy inspired by Chinese EV manufacturers to counteract tariffs in Europe and the U.S., which CEO Carlos Tavares deems anticompetitive.
The company has acquired a 21% stake in Chinese EV maker Leapmotor, establishing a joint venture to access its technology.
Despite political challenges and a 100% tariff on Chinese EVs in the U.S., Stellantis aims to leverage this partnership to stay competitive globally.
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Stellantis adquiere un 21% de participación en Leapmotor para una estrategia de EV de bajo costo, superando las tarifas.