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Stellantis Group to become a shareholder of Zero Run Strategy

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Beijing Business Daily News (Reporter Liu Yang and Liu Xiaomeng) On October 26th, Stellantis Group announced that it plans to invest approximately 1.5 billion euros to acquire about 20% equity of Zero Motor, and Stellantis Group will become an important shareholder of Zero Motor. Meanwhile, Stellantis Group and Zero Run Motors will establish a joint venture called "Zero Run International" in a ratio of 51% to 49%. Except for the Greater China region, the joint venture company has the exclusive right to export and sell to all other markets worldwide, as well as the exclusive right to manufacture Zero Run automotive products locally.
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