Name: Chinese, European Carmakers Partner to Bypass EU EV Tariffs
Uploaded: 2024-10-25T04:57:23.000Z
Description: In response to EU tariffs on Chinese electric vehicles, Stellantis has partnered with China's Leapmotor to produce and sell EVs in Europe. The $1.6 billion deal allows the two automakers to circumvent restrictions by manufacturing vehicles in Poland. Stellantis is aiming to boost sales despite recent slumps in the European market.

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In response to EU tariffs on Chinese electric vehicles, Stellantis has partnered with China's Leapmotor to produce and sell EVs in Europe. The $1.6 billion deal allows the two automakers to circumvent restrictions by manufacturing vehicles in Poland. Stellantis is aiming to boost sales despite recent slumps in the European market.

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