Latest Deals

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Netherlands based automaker Stellantis has said it will invest €1.5bn in a 20% stake in Chinese battery electric vehicle (BEV) start-up Leapmotor, laying the foundation of a new strategic partnership designed to strengthen sales in markets worldwide, including China. The acquisition, subject to regulatory approvals, would give Stellantis two seats on Leapmotor’s board. The two companies have also agreed to set up joint venture called Leapmotor International in which Stellantis would hold a 51% stake and Leapmotor the remaining 49%. 

Saudi Arabia’s Public Investment Fund (PIF) has increased its stake – via Lucid Motors – in Aston Martin to 20.5 percent, according to a regulatory filing on the London Stock Exchange. According to GlobalData’s deals database, the fund’s shareholding went up by 2.6 percentage points from 17.9 percent through Lucid Group’s holding, placing PIF ahead of Geely chairman and Chinese entrepreneur Shufu Li on Aston Martin’s shareholder list.

Mercedes-Benz AG is acquiring a minority stake in btv technologies GmbH, a service partner for electronic components in the automotive and consumer goods industries, thereby increasing the security of supply of semiconductors. Mercedes-Benz has been working with btv technologies since 2021 and is now deepening its collaboration with the logistics partner, which it says has set new standards in terms of transparency, agility and cost efficiency with its “tak model” in supply chain management in the context of the global semiconductor shortage.

Recaro Automotive North America has announced acquisition of the assets and technology of C12 Technology, a South Carolina company. C12 Technology specialises in advanced material component development and production using compression moulding, RTM, autoclave, and rotomoulding processes, inclusive of carbon fibre rotational moulding for complex structures.