CEO Carlos Tavares has publicly criticized EU tariffs on Chinese electric vehicles, calling them a “major trap” for automakers
Stellantis acquired a 21% stake in Chinese carmaker Leapmotor to access its EV technology. Carlos Tavares believes adopting a low-cost mindset is essential for competing with Chinese EVs. By 2030, Stellantis aims to achieve 100% electric vehicle sales in Europe and 50% in the US. Stellantis chief executive Carlos Tavares believes the best way to compete with electric vehicles emerging out of China is to adopt the same low-cost mindset and look for ways to build EVs for less.
The deal was done in October last year and gives the European brand access to Leapmotor’s technology as well as the exclusive rights to produce its EVs outside of China. It already started production at its plant in Tychy, Poland, and Tavares has said Stellantis could even build Leapmotor EVs in North America. Stellantis isn’t the only Western conglomerate to partner with a Chinese carmaker.
Electric Vehicles Europe Featured Leapmotor Reports Stellantis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stellantis starts search for CEO Carlos Tavares' successorStellantis is on the search for a successor to Carlos Tavares, but the automaker has no immediate plans to drop him.
Read more »
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competitionCarmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider automobile industry faces a slump and increased Chinese competition. Stellantis said in its profit warning on Monday that it expects to finish the year with a negative cash flow of 5 billion euros to 10 billion euros, ($5.
Read more »
New Stellantis brand Leapmotor to "complement" Vauxhall, CitroenStellantis-backed Chinese firm to "complement" its sibling brands with a range of affordable EVs
Read more »
Struggling Jeep and Ram maker Stellantis is searching for an new CEOStruggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part of a normal leadership succession plan.
Read more »
Struggling Jeep and Ram maker Stellantis is searching for an new CEOStruggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s part of a normal leadership succession plan.
Read more »
Zelenskyy Says Russia Using Chinese Satellites To Photograph Nuclear Plants Ahead Of Possible StrikesUkrainian President Volodymyr Zelenskyy accuses Russia of using Chinese satellites to photograph Ukrainian nuclear power stations, potentially in preparation for strikes. Zelenskyy made the claim during an interview with ABC's 'Good Morning America', stating that Russia's interest in photographing nuclear facilities often precedes attacks.
Read more »