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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

With the approval from the NDRC, Stellantis can build and sell Leapmotor electric vehicles (EVs) outside of China, said people familiar with the matter. It acquired 20% of the Chinese automakers, making it a significant shareholder. The joint venture between Stellantis and Leapmotor still needs regulatory approval in other markets.

Chinese 104
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Stellantis’ JV approved, gaining exclusive rights to build and sell Leapomotor EVs outside of China

Baua Electric

This deal is the first of its kind for a Western automaker and gives Stellantis the exclusive rights to build, export, and sell Leapmotor brand EVs outside of China, and it is already mulling some exciting markets for them. The Chinese automaker also shared that its first EV shipments to Europe could come as early as the second half of 2024.

China 52
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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

SAIC is currently evaluating whether to build a factory in Europe. MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday.

Europe 52
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Imerys and British Lithium form JV to accelerate development of UK’s largest lithium deposit

Green Car Congress

The partnership will benefit from Imerys’ existing mining footprint in Cornwall, its experienced teams, and solid infrastructure, as well as its lithium expertise developed through its EMILI (Exploitation de MIca Lithinifère par Imerys) project in France—expected to be one of the largest lithium extraction projects in Europe.

France 366
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Stellantis & CATL battery factory in Europe expected to land in Spain

Teslarati

In November 2023, Stellantis and the Chinese battery supplier signed a Memorandum of Understanding stating CATL would provide lithium-iron-phosphate battery cells and modules to the legacy OEM. The car manufacturer already announced electric vehicle ( EV) battery factories in France, Germany, and Italy.

Spain 101
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

Building sustainable and clean energy systems will be harder, riskier and more expensive without nuclear, according to the new report, Nuclear power and secure energy transitions: From today’s challenges to tomorrow’s clean energy systems. —IEA Executive Director Fatih Birol.

Russia 458
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BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

Green Car Congress

Chinese manufacturers, like CATL, have come from nothing to being world-leading in less than 10 years. The next decade will be particularly interesting as Europe and the US try to create their own battery champions to challenge Asian incumbents who are already building capacity in both places.

Li-ion 459