Leapmotor Expands Stellantis Alliance, Posts First Profit

Chinese electric carmaker Zhejiang Leapmotor Technology Co. posted its first annual profit on strong vehicle sales as it expands its partnership with Stellantis NV. The shares rose.

Leapmotor also said it is “actively exploring” cooperations on cars and components with the Franco-American-Italian carmaker, according to a Monday filing, noting that some projects had already entered “advanced negotiation stages.”