-- Stellantis is nearing a deal to buy around 20% of Zhejiang Leapmotor Technology, a Chinese electric-vehicle maker, Bloomberg reported citing unnamed sources.

-- The stake could be valued at more than $1 billion, Bloomberg reported.

-- The Netherlands-based maker of Jeep, Dodge and a dozen other brands are also considering a joint venture for car sales outside of China, Bloomberg reported, adding that an announcement could be made within a few days.

Full story: https://bit.ly/3tMeKKy

Write to David Sachs at david.sachs@wsj.com

(END) Dow Jones Newswires

October 25, 2023 09:07 ET (13:07 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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