Stellantis and China’s Dongfeng announce a Europe-based joint venture aimed at producing electric vehicles for the European market. Multiple outlets report that the companies sign a memorandum and plan to share manufacturing, sales, and engineering activities under the arrangement. France 24 says Stellantis will hold a controlling 51% stake, while Dongfeng brings its vehicle models and development. The agreement includes assembling Dongfeng’s Voyah electric vehicles at Stellantis’s plant in Rennes, in western France, with the goal of meeting European requirements on local production. The report cites the EU’s “Made in Europe” rules, which require a high level of locally sourced EV content to qualify for benefits, noting an example threshold of 70% of EV content made locally. The outlets do not provide further details on the timeline for operations or the full scope of sales plans, but they describe the project as a manufacturing and commercial partnership structured around European production.
Stellantis and Dongfeng sign Europe joint venture for EVs built in France
Stellantis and China’s Dongfeng announce a Europe-based joint venture aimed at producing electric vehicles for the European market. Multiple outlets report that the companies sign a memorandum and pla...
- Stellantis and China’s Dongfeng sign a memorandum to create a joint venture for Europe.
- The joint venture includes sharing manufacturing, sales, and engineering activities.
- Stellantis holds a controlling 51% stake, according to one report.
- Dongfeng’s Voyah EVs are set to be built at Stellantis’s Rennes plant in western France.
- The production plan is linked to EU “Made in Europe” rules for locally produced EV content.
French-Italian auto group Stellantis and China's Dongfeng have announced a plan to launch a joint venture based in Europe, with Stellantis having a controlling 51% stake. The deal would see Dongfeng's new electric models assembled in Stellantis' plant in western France to comply with the EU's new "Made in Europe" rule that would require 70% of EV content made locally. Also in the segment, one man in the US has turned a broken pink Barbie car into a solution to combat soaring fuel prices.
3 months agoAutomotive group Stellantis announced on Wednesday it had signed a memorandum to establish a joint venture with China's Dongfeng to share manufacturing, sales, and engineering...
3 months agoUnder the deal, Dongfeng's Voyah EVs will be built at Stellantis's plant in Rennes, western France, for the European market.
3 months ago
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