China, EU lock eyes at Paris car show as EV tariffs loom

China, EU lock eyes at Paris car show as EV tariffs loom

Paris: Chinese and European automakers went head-to-head at the Paris car show on Monday, with tensions running high as the EU gears up to impose hefty import tariffs on Chinese-made electric vehicles and the industry struggles with weak demand. This year’s event – the largest car show in Europe – comes at a pivotal time. … Read more

Stellantis resets China strategy with $1.6 billion stake in EV firm Leapmotor

Stellantis resets China strategy with .6 billion stake in EV firm Leapmotor

Stellantis is buying a 21% stake in Leapmotor for $1.6 billion, it said on Thursday, in a reset of its China strategy to focus on electric vehicles after years of poor sales and manufacturing pullback in the world’s biggest auto market. The Chinese EV maker also announced the formation of a joint venture with Stellantis, … Read more