Stellantis Nears Deal to Buy 20% of Chinese EV Maker Leapmotor

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Stellantis Nears Deal to Buy 20% of Chinese EV Maker Leapmotor
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(Bloomberg) -- Stellantis NV is nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company Zhejiang Leapmotor Technologies Ltd...

-- Stellantis NV is nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company Zhejiang Leapmotor Technologies Ltd., people with knowledge of the matter said, marking the latest attempt by the carmaker to boost its presence in the world’s biggest auto market.Big Tech Earnings Whipsaw QQQ in Late Trading: Markets Wrap

While Stellantis’s discussions with Leapmotor are advanced, they could still be delayed or falter, the people said, asking not to be identified discussing confidential information. A representative for Leapmotor didn’t immediately respond to a request for comment outside regular business hours. A biotech firm founded by Vivek Ramaswamy turned $15 million into $5 billion by flipping a bowel-disease treatment that Pfizer gave it for free

'Extremely bearish' chart formation signals the top 7 Big Tech stocks including Apple, Nvidia, and Tesla face elevated risk of a selloff

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