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On October 31, Netherlands-based automaker Stellantis announced that the GAC-FCA, a joint venture established by Stellantis and China's GAC Group, will file for bankruptcy in court.
Recently, there have been reports that the global automotive giant Stellantis plans to produce Leapmotor cars in Italy. In response, Leapmotor stated that all business collaborations are under discussion.
On May 14th, Leapmotor and Stellantis Group jointly held a press conference, announcing the official establishment of the joint venture company Leapmotor International.
Stellantis, a multinational automotive manufacturer, announced on July 18 that the company will adopt an asset-light approach to develop its Jeep brand in China.
Stellantis NV, the second largest car manufacturer in Europe, is considering partnering with a Chinese electric vehicle company including Leapmotor to enhance its influence in China, the world's largest automotive market.
Leapmotor has released its performance report for the first half of this year after a price reduction in the second quarter.
The bankruptcy of GAC-FCA, a joint venture established by Netherlands-based automaker Stellantis and China's GAC Group, in late October triggered a dealers' rights protection campaign.
On November 21st, CATL announced that it has signed a strategic MOU with Stellantis Group to supply lithium iron phosphate batteries to the group in Europe.