MILAN: Stellantis NV said Tuesday it has stopped assembling the Leapmotor T03 electric vehicle at its plant in Tychy, Poland, and is evaluating alternative production options for the Chinese-made model. Production of the small electric car ended March 30, the Franco-Italian automaker said in a statement. While Stellantis remains committed to launching Leapmotor vehicles in Europe, it…
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Stellantis ramps up battery production with new $3.2 billion plant in Kokomo
Stellantis, the maker of Jeep and Chrysler, is expanding its battery production capacity in the US with a new plant in Kokomo, Indiana. The plant will be part of its joint venture with Samsung SDI, called StarPlus Energy, and will start operating in 2027. According to a report, the new plant will have an annual…
Crédit Agricole and Stellantis acquire car leasing businesses in six European countries
PARIS, FRANCE: Crédit Agricole Consumer Finance, a subsidiary of Crédit Agricole S.A. and a leading provider of consumer credit in Europe, has announced that it has completed the acquisition of car leasing businesses in six European countries from ALD and LeasePlan, in partnership with Stellantis, a global automaker formed by the merger of Fiat Chrysler…
Stellantis to acquire 33.3% stake in hydrogen fuel cell maker Symbio
PARIS, FRANCE: Stellantis, the world’s third-largest automaker, has signed a deal to buy a 33.3% stake in Symbio, a hydrogen fuel cell system maker for hydrogen mobility. The deal is expected to close in the third quarter of 2023. Symbio is a joint venture between Faurecia, a French automotive supplier, and Michelin, a French tire…