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.
Leapmotor has released its performance report for the first half of this year after a price reduction in the second quarter.
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.
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 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.
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.