Stellantis has acquired a 21% stake in Chinese electric vehicle maker Leapmotor for $1.6 billion. This deal will give Stellantis access to Leapmotor's advanced technology and provide the smaller Chinese carmaker with a foothold in Europe. Stellantis is also forming a joint venture with Chinese automaker Great Wall Motor to produce EVs in China. Stellantis has struggled to sell cars in China and hopes that this partnership will allow them to benefit from the growing Chinese EV market. Analysts are skeptical about whether these partnerships will improve foreign auto brands' fortunes in China. The European Commission has launched an anti-subsidy probe to consider implementing tariffs on Chinese EV imports, which has raised concerns for Stellantis.
