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Leapmotor targets Indian market with Stellantis

Inshorts · 1y ago

Leapmotor targets Indian market with Stellantis

Chinese EV maker Leapmotor is looking to enter the Indian market. Partnering with auto giant Stellantis, which recently bought a 20% stake in its global operations, the company seeks to announce its investments and India entry plans soon. On the Other Hand Stellantis, boasts brands like Citroen, Jeep, Fiat, and already has a presence in India through these.

Related News

Stellantis to bring Leapmotor EVs in India

YourStory

YourStory · 4m ago

Stellantis to bring Leapmotor EVs in India

Stellantis plans to introduce Leapmotor's electric vehicle (EV) lineup in India, aligning with its strategy to expand its EV footprint and focus on sustainability. Although no specific timeline was provided, the move follows Stellantis’s strategy to leverage its existing presence through Jeep and Citroën brands. Shailesh Hazela, Stellantis India CEO, emphasized the potential of the Indian market and highlighted Leapmotor's commitment to innovation, quality, and customer satisfaction in electric mobility.

After MG And BYD, Leapmotor Eyeing India Entry With Stellantis Partnership

Inc42 · 1y ago

After MG And BYD, Leapmotor Eyeing India Entry With Stellantis Partnership

Chinese electric vehicle (EV) maker Leapmotor is planning to enter the Indian market with the support of auto giant Stellantis. Leapmotor, which has achieved monthly sales of 10,000 cars in China, aims to announce its investments and entry plans soon. Stellantis, known for brands like Citroen, Jeep, and Fiat, already has a presence in India. The partnership with Stellantis has boosted Leapmotor's confidence in venturing into India, despite strict regulations. The move is expected to contribute to the competition in the budget-friendly EV segment in India.

China gives green light to Stellantis-Leapmotor joint venture - sources

Reuters · 1y ago

China gives green light to Stellantis-Leapmotor joint venture - sources

The proposed joint venture between Stellantis and Leapmotor has received approval from China's National Development and Reform Commission. The deal will allow Stellantis to build and sell Leapmotor's electric vehicles outside of China, giving the automaker access to the world's largest car market. Stellantis would own a 51% stake in the joint venture, with exclusive rights to produce and export Leapmotor products. The deal is still awaiting regulatory approval in other markets. This joint venture comes at a time of increasing trade tensions between China and the European Union.

Stellantis looks to rev up India investments to increase market share

Economic Times

Economic Times · 1m ago

Stellantis looks to rev up India investments to increase market share

Stellantis plans significant investment in India to boost market share, expand its retail network, and introduce new products. With an existing expenditure of Rs 11,000 crore in the country, the automaker aims to enhance domestic sales and double exports. India is viewed as a long-term strategic market requiring sustained investment. Stellantis seeks to align products with local consumer needs, improve competitive pricing, and integrate deeply into the Indian automotive ecosystem.

Stellantis CEO dishes on Waymo, Rivian cuts staff and the great EV softening continues

TechCrunch · 1y ago

Stellantis CEO dishes on Waymo, Rivian cuts staff and the great EV softening continues

TechCrunch Mobility provides news and insights on the transportation industry. Stellantis CEO Carlos Tavares discussed various topics, including the company's EV targets, the partnership with Waymo, and upcoming vehicle releases. Meanwhile, Cooltra acquired Cityscoot, a Paris-based electric moped service, in a deal approved by the courts. In other news, Haomo.ai raised $14 million in funding for its autonomous driving technology, Uber Eats plans to use sidewalk robots for delivery in Japan, and Lucid Motors and Rivian adjusted their EV production targets. Hivemapper also announced the launch of a new dashcam to compete against Google in mapping technology.

Stellantis pivots to Google's Android as in-car partnership with Amazon ends | TechCrunch

TechCrunch · 3m ago

Stellantis pivots to Google's Android as in-car partnership with Amazon ends | TechCrunch

Stellantis is shifting from a partnership with Amazon for in-car software to an Android-based system, ending the initial plan due to project changes and staffing reassignment. Amazon remains a strategic partner, continuing with AWS as Stellantis' cloud provider, and Alexa features in vehicles. Initially aiming for $22.5 billion from software via connected car offerings and partnerships with BMW, Waymo, and Amazon, Stellantis now integrates Google's Android for future developments.

Stellantis uses Amazon cloud to cut in-car software development to a day

Economic Times

Economic Times · 1y ago

Stellantis uses Amazon cloud to cut in-car software development to a day

Stellantis, the parent company of automotive brands like Fiat, Jeep, and Peugeot, is utilizing Amazon Web Services (AWS) cloud technology to accelerate the development of in-car software. By leveraging AWS, Stellantis is able to reduce the time it takes to develop and deploy new software updates from months to a single day. This partnership allows for greater agility and innovation in Stellantis vehicles, providing customers with faster access to the latest features and improvements.

Stellantis becomes the last major automaker to adopt Tesla’s charging plug

The Verge

The Verge · 1y ago

Stellantis becomes the last major automaker to adopt Tesla’s charging plug

Stellantis, the parent company of Chrysler, Jeep, Ram, and Dodge, will adopt Tesla's electric vehicle charging plug, making it the last major car company to do so. The switch to Tesla's North American Charging Standard (NACS) will begin with Stellantis' EVs in 2025. Adapters will be provided during the transition period for customers with Combined Charging Standard (CCS) plugs. This move will provide Stellantis' EV customers access to Tesla's extensive charging network, enhancing the convenience and future of EV charging in North America and globally.

Stellantis acquires CloudMade's AI tech to support vehicle software development

Reuters · 1y ago

Stellantis acquires CloudMade's AI tech to support vehicle software development

Stellantis has acquired the artificial intelligence framework, machine learning models, and intellectual property of CloudMade. The acquisition will support Stellantis' software strategy and the development of its STLA SmartCockpit technology platform. As software becomes more important in vehicles, the deal aims to create intelligent mobility solutions faster and more flexibly. The CloudMade technology will enable predictive maintenance, diagnostics, voice assistance, advanced navigation, and fleet management features. The deal includes 44 engineers and software developers joining Stellantis from CloudMade.

Rupee, shares, bonds drop on signs of escalation in India-Pakistan conflict

VCCircle

VCCircle · 3m ago

Rupee, shares, bonds drop on signs of escalation in India-Pakistan conflict

The Indian rupee, equities, and bonds experienced a decline due to escalating tensions between India and Pakistan. The rupee fell by 1%, the Nifty 50 index dropped 0.6%, and the yield on India's 10-year bond rose by 6 basis points. The market reacted negatively after India's claim of neutralizing Pakistani targets, while Pakistan reported downing Indian drones. Global powers called for restraint. Market volatility increased with elevated risk aversion due to potential conflict escalation.

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