European car manufacturers begin to "embrace China": Under pressure from technology and costs, Stellantis and Mercedes-Benz are seeking cooperation with Chinese car companies
Wallstreetcn·
- European automakers are looking to China for technological and capital support amidst challenges in electrification strategies.
- Stellantis has held talks with Xiaomi and XPeng to consider restructuring its European operations, while Mercedes-Benz is deepening cooperation with Geely to enhance model development in China.
- These partnerships indicate a shift towards Chinese companies becoming strategic allies for traditional European automakers facing capacity excess and competitive pressures.