AutoExec Summary
STELLANTIS CEO Carlos Tavares expressed readiness to compete against Chinese brands in Europe’s electric vehicle market, emphasizing their determination to prove their technology and competitiveness. Stellantis has partnered with Chinese brand Leapmotor to distribute electric vehicles in nine European markets, with production in China. Serbia is becoming a key European supplier of sustainable vehicle components and signed a deal with Stellantis to produce electric vehicles. The country also reinstated a licence for Rio Tinto to develop Europe’s largest lithium mine, boosting the continent’s electric vehicle industry. Serbia further strengthened ties with the EU for sustainable raw material production and electric vehicles.
Brands mentioned: Stellantis, Leapmotor, Rio Tinto