The first European Media Drive is now taking place in Milan for the C10 and T03 models of the Leapmotor brand, a Chinese company in the technology field which has the highest growth in the New Energy Vehicle (NEV) sector.* The event, held in Milan and Lake Maggiore, marks the official debut of Leapmotor International in Europe. In a controversial move in October of 2023 Stellantis took 51% of a joint venture with Leapmotor that gives it exclusive rights to build, export and sell Leapmotor EVs outside China.**
“Stellantis will invest more than €50 billion during the next 10 years in the field of electrification and will do everything it can to reach the targets set out in its Dare Forward 2030 strategic plan, including the achievement of a 100% sales mix of BEV vehicles in Europe by 2030 and 50% of BEV passenger cars and light commercial vehicles in the United States. To reach these sales goals, the company is ensuring around 400 GWh of battery capacity with the support of six battery factories in North America and Europe. Stellantis aims to become a zero carbon-emissions company across all sectors by 2038, with a percentage offsetting for an amount of the remaining emissions,” the company formed by the merger of FCA and PSA said today. Continue reading











C’est Fou – Chinese EVs Will Be at 2024 Paris Motor Show
Stellantis (NYSE: STLA) today announced it will participate in the 90th edition of the Mondial de l’Auto 2024 (Paris Motor Show) from 14 – 20 October with its three traditional brands – Citroën, Peugeot, and Alfa Romeo. More controversial will be the Chinese brand, Leapmotor making its debut at the show.
Leapmotor Founder, Chairman and CEO Zhu Jiangming, together with Stellantis CEO Carlos Tavares, will unveil the all-new B10, a C-segment SUV, expanding its product line-up in Europe’s core segment through this distinctive partnership in the automotive industry. Continue reading →