Stellantis, Leapmotor to launch local assembly project in Malaysia

Reuters
04-18
Stellantis, Leapmotor to launch local assembly project in Malaysia

BEIJING, April 18 (Reuters) - Stellantis STLAM.MI and China's Leapmotor 9863.HK will launch a local assembly project in Malaysia, with initial investment at 5 million euros ($5.69 million), the French-Italian carmaker said in a statement on Friday.

The two companies plan to begin localised production of Leapmotor's C10 model in Malaysia by the end of 2025, the statement posted on Stellantis' WeChat account said.

($1 = 0.8793 euros)

(Reporting by Beijing Newsroom; Editing by Andrew Cawthorne)

((Ethan.Wang@thomsonreuters.com;))

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