Stellantis Mulls Joining Hands With Chinese EV Maker For Market Expansion: Report

Stellantis NV (NYSE:STLA) is reportedly planning to join hands with a Chinese electric vehicle company in order to boost its presence in the world’s biggest auto market.

Volkswagen AG (OTC:VWAGY) has also reportedly expressed interest in making a tie-up with Leapmotor.

The report further noted the potential collaboration would suit the asset-light strategy that Stellantis’ CEO Carlos Tavares has proposed in China.

The incoming chief financial officer reportedly said it is important to figure out China strategy.

Price Action: STLA shares are trading higher by 0.36% at $18.16 on the last check Wednesday.

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