Stellantis closes in on deal to buy 20% of Chinese EV maker Leapmotor

Stellantis closes in on deal to buy 20% of Chinese EV maker Leapmotor

A flag with the logo of Stellantis is seen at the company's corporate office building in Saint-Quentin-en-Yvelines near Paris, France, May 5, 2021. REUTERS/Gonzalo Fuentes/File Photo

Stellantis NV is nearing a deal to acquire a roughly 20% stake in Chinese electric vehicle company Zhejiang Leapmotor, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.