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In a bid to break in to the global EV market, Chinese electric vehicle startup Leapmotor has formed a joint venture with European carmaker Stellantis that will begin selling EVs in nine European countries later this year.
The joint venture, called Leapmotor International, is 51% owned by Stellantis and 49% owned by Leapmotor.
Stellantis and Leapmotor did not provide details on where the electric vehicles would be produced, but that the location must have the “capacity available to support the sales” and meet quality criteria and cost competitiveness.
US President Joe Biden on Tuesday slapped new tariffs on Chinese-made electric cars, solar panels, steel and other goods.
Editor: Zou
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