Fiat and Jeep owner Stellantis’ CEO follows Chinese route to avoid EV tariff ‘trap’

Quick Summary:

Carlos Tavares, CEO of Stellantis, a major investor of EV maker Leapmotor, said the best way to compete is to try to be Chinese ourselves’.

A general view of an electric vehicle production line at the Leapmotor factory in Jinhua, a city in eastern Zhejiang province, on September 18, 2024.

But the world’s No 4 automaker must navigate trade barriers on both sides of the Atlantic if it wants to succeed.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: Hong KongChinaUnited States

Topics: Low-cost Leapmotor Vehicle Electric Stellantis Adopt Carmaker Wants Tariffs Chinese Tavares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 15:35:44 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 164 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22718997

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