Stellantis, the parent company of Chrysler, Fiat, and Peugeot, has announced a $1.6 billion investment in Chinese electric vehicle maker Leapmotor. The investment will give Stellantis a 20% stake in Leapmotor and will help the Chinese automaker expand its global presence.

Stellantis, the automotive giant formed by the merger of Fiat Chrysler Automobiles and Groupe PSA, is reportedly considering a groundbreaking partnership with Chinese EV manufacturer Leapmotor. The prospective collaboration involves the establishment of an electric vehicle (EV) production facility in Poland, a move that underscores the rapidly evolving landscape of the automotive industry.