# Stellantis invests EUR 1.5 billion for 20% stake in Leapmotor, forms JV

Stellantis N.V. plans to invest approximately EUR 1.5 billion to acquire about 20% of Leapmotor, becoming a significant shareholder. The companies will also form Leapmotor International, a 51/49 Stellantis-led joint venture for global sales and manufacturing outside Greater China.

- Type: Acquisition
- Announced: 2023-10-26
- Where: China
- Value: $1.58B (1.50B EUR)
- Status: announced
- Products: electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Stellantis](https://endata.com/companies/7966.md) (acquirer)
- [Leapmotor](https://endata.com/companies/55130.md) (target)

## Sources

- [stellantis.com](https://www.stellantis.com/en/news/press-releases/2023/october/stellantis-to-become-a-strategic-shareholder-of-leapmotor-with-1-5-billion-investment-and-bolster-leapmotor-s-global-electric-vehicle-business), 2023-10-26: "Stellantis plans to invest ca. €1.5 billion to acquire approximately 20% of Leapmotor, making Stellantis a significant shareholder."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1012201.html), 2023-10-26: "认购事项、合营公司成立协议、独家许可协议及货品销售框架协议均为该公司与Stellantis的战略合作的主要组成部分"
- [media.stellantis.com](https://www.media.stellantis.com/uk-en/leapmotor/press/stellantis-to-become-a-strategic-shareholder-of-leapmotor-with-1-5-billion-investment-and-bolster-leapmotor-s-global-electric-vehicle-business), 2023-10-26: "Stellantis to Become a Strategic Shareholder of Leapmotor with €1.5 Billion Investment and Bolster Leapmotor’s Global Electric Vehicle Business"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.