How a risky punt on an unknown Chinese truck manufacturer paid off in South Africa
A South African entrepreneur's strategic investment in the Chinese truck manufacturer FAW has led to significant success in the South African market, outpacing established Western and Japanese brands.
Stellantis, alliance with Faw in China
Stellantis has acquired a 21% stake in Chinese startup Leapmotor for 1.5 billion, aiming to form a joint venture and support Leapmotor’s ambitious growth plans to reach 1 million vehicle sales by 2026.