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Ferrari CEO speaks to founder of China’s Leapmotor, fanning speculation onpartnership
Ferrari CEO Benedetto Vigna met Leapmotor's founder Zhu Jiangming in Hangzhou on Feb. 14, sparking rumors of a partnership. This comes ahead of Ferrari's first electric car launch on Oct. 9, 2023, and follows Leapmotor's backing from Stellantis, which invested nearly $1.6 billion for a 20% stake in late 2023.
Key points
- Ferrari CEO Benedetto Vigna visited Leapmotor's headquarters on Feb. 14.
- The meeting is speculated to be about a potential partnership.
- A photo surfaced showing Vigna scanning a code provided by Zhu Jiangming.
- Ferrari plans to launch its first fully electric car on Oct. 9, 2023.
- Leapmotor was backed by Stellantis, which invested €1.5 billion for a 20% stake in late 2023.
Why it matters
- The rise of electric vehicles is a significant trend in the auto industry as of 2025.
- Partnerships between luxury brands and EV makers are expected to shape the market.
- Stellantis' investment in Leapmotor reflects a broader trend of traditional automakers investing in EV startups.
The meeting between Ferrari and Leapmotor highlights a strategic move towards electric vehicle collaboration, reflecting broader industry trends towards innovation and partnerships as automakers adapt to the evolving market.