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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