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Stellantis and Leap Motor discuss manufacturing electric vehicles in Canada
Investing.com — Citing a report by Bloomberg News, sources say Stellantis is holding early discussions with its Chinese partners, Zhejiang Leapmotor Technology Co., Ltd., on producing electric vehicles in Canada.
The talks focus on an idle assembly plant operated by Stellantis in Brampton, Ontario. If the two sides move forward with the project, it would be the first major investment by a Chinese automaker in Canada since Prime Minister Mark Carney reached an agreement with China’s top leadership in January to reduce tariffs on Chinese-made electric vehicles.
Under the agreement, the Carney government said it wants to attract new Chinese joint ventures and trusted partners to invest in Canada’s auto sector over the next three years.
As Chinese-led auto production could emerge in Canada, it comes amid disruptions to the North American auto sector caused by President Donald Trump’s tariffs on foreign-made cars and trucks.
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