Stellantis - Dongfeng Joint Venture will see Chinese maker's EVs built in France
Summary
Stellantis, a French-Italian car company, and China's Dongfeng are starting a joint venture in Europe. Stellantis will own 51% of the venture, and Dongfeng's new electric vehicles (EVs) will be assembled in a Stellantis factory in western France to meet EU rules that require most EV parts to be made in Europe.Key Facts
- Stellantis and Dongfeng are partnering to create a new company in Europe.
- Stellantis will hold the majority share with 51%.
- Dongfeng’s new electric cars will be built in Stellantis’ French factory.
- This move follows the EU’s “Made in Europe” rule needing 70% of EV parts to be locally made.
- The deal helps Dongfeng access the European market with locally assembled EVs.
- The joint venture aims to boost EV production and comply with new regulations.
- The factory is located in western France, part of Stellantis’ existing manufacturing sites.
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