Energy News
CAR TECH
Stellantis says China JV to begin Europe sales in September
Stellantis says China JV to begin Europe sales in September
by AFP Staff Writers
Hangzhou, China (AFP) May 14, 2024
A joint venture by global car giant Stellantis and Chinese electric vehicle start-up Leapmotor will start shipping cars to Europe in September, executives said Tuesday.

Chinese automakers are pushing ahead with expansion plans in Europe despite mounting political pushback on the continent.

Leapmotor only produces electric vehicles and is relatively unknown in Europe, despite selling 10,000 cars a month in China.

Stellantis is one of the world's largest carmakers, owning popular brands including Alfa Romeo and Jeep.

The companies launched a joint venture, Leapmotor International, on Tuesday, after the Netherlands-based Stellantis agreed in October to buy a 20 percent stake in the Chinese firm.

The joint venture "enables us to accelerate the wait to go to market with smart and affordable EVs", Stellantis CEO Carlos Tavares said on Tuesday at a joint press conference hosted by both companies in Leapmotor's home city of Hangzhou.

"We are going to be able to bring faster to our markets affordable EVs that will not only contribute to the profitable growth" of the two companies but "will contribute faster and in a more efficient way to fixing the global warming issue that we have to fix as humanity," Tavares said.

Leapmotor International will start shipping cars to nine European countries including France and Germany in September, the executives said.

The vehicles will then be rolled out in the Middle East, Africa, India, the Asia-Pacific and South America later in the year.

Leapmotor founder Zhu Jiangming said the joint venture could help the Chinese company face "political and regional uncertainty".

"With the support of Stellantis' advantages plus our accumulated technology and products, one plus one is definitely going to equal more than two," Zhu said.

The EU has stepped up actions to defend European industry against growing threats from China and the United States.

Brussels in September opened a probe into the subsidies China grants its electric vehicle sector, accusing Beijing of distorting competition.

Other European manufacturers have also stepped up partnerships with Chinese companies to win over local customers.

In July, German car giant Volkswagen announced it would invest more than 600 million euros ($647 million) in Chinese electric vehicle manufacturer XPeng.

tjx/oho/sn

Stellantis

FIAT CHRYSLER AUTOMOBILES

Volkswagen

XPENG

Related Links
Car Technology at SpaceMart.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
CAR TECH
Hundreds protest outside German Tesla factory
Gr�nheide, Germany (AFP) May 11, 2024
More than a thousand environmentalists protested outside Tesla's factory near Berlin Saturday, police said, a day after some of them tried to force their way into the plant. The protesters, accompanied by a large police contingent, unfurled anti-Tesla and anti-capitalist banners surrounded by a strong police presence. Organisers of the protest put their numbers at around 2,000. While there were scuffles between some of the demonstrators and police at the beginning of Saturday's protest, the situ ... read more

CAR TECH
Chicken fat transformed into supercapacitor components

Kimchi Institute process upcycles cabbage byproducts into bioplastics

Major advancement in sustainable syngas production using solar power

New Insights into the Slow Process of Breaking Down Plant Material for Biofuels

CAR TECH
Energy Savings Assistance Program Working Group Meeting Scheduled

Extension Sought for Net Energy Metering Fuel Cell Compliance

New Steps for Solar on Multifamily Affordable Housing Funding

Today at the CPUC: Approval of the California Energy Commission's Gas R and D Program for FY 2023-2024

CAR TECH
Why US offshore wind power is struggling - the good, the bad and the opportunity

Robots enhance wind turbine blade production at NREL

Offshore wind turbines may reduce nearby power output

Wind Energy Expansion Planned for China's Rural Areas

CAR TECH
Activists warn against EU 'tearing up' green policies

Australia unveils budget aimed at becoming 'renewable superpower'

$2.2b pledged to end deadly planet-heating cooking methods

Biden's clean energy tax credits likely to remain 'law of the land': Brainard

CAR TECH
Quantum advances enhance understanding of high-temperature superconductors

Push for new US lithium mine leaves some Americans wary

US forges new 'battery belt' in hopes of electric future

China issues draft guidelines to rein in lithium battery industry

CAR TECH
Panama president-elect proposes 'calm' talks on contested mine

Judge tosses California children's pollution suit against US govt

Chinese mill blamed for turning Serbia village red with pollution

Health Risks from Gas Stoves Highlighted in U.S. Study

CAR TECH
Chinese firms win most bids to explore Iraq oil and gas

Manganese and iridium catalyst marks significant advance in sustainable hydrogen production

US, Japanese banks lead fossil fuel financing

Iraq hopes oil reserves will exceed 160 bn barrels: minister

CAR TECH
Mars agriculture simulations show promise and challenges

Manganese discovery on Mars suggests ancient Earth-like conditions

NASA launches commercial studies to facilitate Mars robotic science

NASA Scientists Gear Up for Solar Storms at Mars

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.