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Stellantis Reportedly Seeks Production Co-op Agreement with Dongfeng in Europe/ CN
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Stellantis is discussing the resumption of its partnership with Dongfeng Motor, which would involve allowing Dongfeng Motor to use Stellantis' idle factories in Europe, and potentially enabling Dongfeng Motor to manufacture vehicles from certain Stellantis brands in China, Bloomberg quoted sources as saying. It is reported that Dongfeng Motor's representatives recently visited factories in Germany and Italy. The inspection also covers the possibility of Dongfeng Motor acquiring or investing in one or more European plants in the future. The negotiations with Dongfeng Motor form part of Stellantis' plan to enhance its business operations. Stellantis had also previously held talks with XIAOMI-W (01810.HK) and XPENG-W (09868.HK), and may ultimately reach agreements with more than one Chinese automaker. Auto-translated by AI AASTOCKS Financial News |
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