Stellantis Plan Europe JV With Dongfeng Motor Group For Dongfeng Energy Vehicles
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Stellantis N.V. announced plans to form a joint venture with Dongfeng Motor Group in Europe, focusing on sales and manufacturing of Dongfeng's new energy vehicles. The 51/49 joint venture aims to utilize Stellantis' distribution network and localize production at its Rennes plant in France. The deal is subject to approvals and agreements. Stellantis shares closed down 0.81% at $7.35 but rose 0.82% to $7.41 in after-hours trading.
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