08:17 AM EDT, 05/21/2024 (MT Newswires) -- Stellantis ( STLA ) plans to expand its factory in Brazil's Betim to produce electric vehicles developed in partnership with China's Zhejiang Leapmotor Technologies, media reported Monday, citing Emanuele Cappellano, Stellantis' ( STLA ) chief operating officer for South America.

Cappellano told reporters that annual capacity at the Minas Gerais state factory will increase from 750,000 to around 1.1 million engines after the company invests 454 million Brazilian reais ($88.9 million) in upgrades.

Stellantis ( STLA ) did not immediately reply to MT Newswires' request for comment.

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