Stellantis to buy 21% of China’s Zhejiang Leapmotor for $1.6bn
(Reuters) — Stellantis said on Thursday it would invest 1.5 billion euros ($1.58 billion) to acquire approximately 20% of Chinese electric vehicle maker Zhejiang Leapmotor Technology. Leapmotor said in a separate statement that it would issue 194.3 million Hong Kong shares to Stellantis for HK$43.8 ($5.60)per share, a premium of 19% to its last close … Read more