Allen & Overy advises Stellantis on its EUR1.5 billion investment in Leapmotor

Stellantis is one of the world’s leading automakers and a mobility provider, with a declared commitment to technology-led innovation and a proven history of developing storied and iconic brands. Leapmotor is among the fastest growing Chinese pure-play new energy vehicle (NEV) tech leader with a unique vertical integration model and in-house R&D and manufacturing capabilities. The partnership aims to boost Leapmotor’s sales in China while leveraging Stellantis’ established global commercial presence to significantly accelerate sales in Europe and other regions.

David Norman, lead partner at A&O, said: “This is a landmark deal for the automotive industry, the first global commercial partnership between a top automaker and a Chinese NEV specialist. These sorts of ground-breaking transactions are highly complex and we are delighted to have been able to support Stellantis in reaching this significant milestone in support of its electrification strategy. At A&O we are proud to have supported leading players throughout the evolution of the automotive industry and with our unique breadth of global reach and depth of industry know-how and legal capability we are helping participants create value across every aspect of the NEV space, from mineral extraction to battery manufacturing, vehicle production and distribution to technology partnerships and licensing. We are the trusted adviser to global leaders in this sector across the world and in the APAC region, especially in China.”

The cross-practice, cross-jurisdictional A&O team advising on the transaction is led by A&O’s Hong Kong-based partner David Norman, with support from public M&A partners Gilbert Li and Iris Yeung. The Greater China team also includes Mona Yip, Charlotte Hartley, and Eugean Lo, alongside Vivian Cao and Paul Jing from A&O’s Shanghai joint operation partner Shanghai Lang Yue Law Firm. IP advice is provided by Shanghai-based partner Jill Ge. Global input is provided by the firm’s specialist CFIUS, regulatory and antitrust teams.

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