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Stellantis (NYSE: STLA) and the Dongfeng Group today announced their intention to form a European joint venture for shared sales, distribution, manufacturing, purchasing, and engineering activities. The joint venture would take responsibility for the sales and distribution of Dongfeng’s Voyah-branded vehicles in designated markets in Europe. This would circumvent EU tariff’s on Chinese-made vehicles. [Stellantis and Dongfeng Group recently announced the production of all-new Peugeot and Jeep models in China for the domestic market and export – AutoCrat]*

“The plans we are announcing today take our recently strengthened cooperation with Dongfeng to an all-new dimension of an international partnership to the benefit of customers around the world,” said Antonio Filosa, Stellantis CEO. “With this new chapter in our collaboration, we will give our customers an even greater choice of competitive products and pricing, leveraging the best of Stellantis’ global footprint alongside Dongfeng’s access to China’s advanced new energy vehicles ecosystem.” Continue reading →