Stellantis and perennial China partner Dongfeng have inked a $1.2 billion US-linked deal to manufacture Peugeot- and Jeep-branded electric vehicles in China, hinting at future broadened cooperation amidst a push to strengthen their position in the world's largest automobile market and ready to further leverage their strengths in collaboration for cutting-edge EV technologies. The agreement forms part of the company's new long-term strategy under CEO Antonio Filosa and exemplifies the French-Italian group's prioritization of the Asian location for placing manufacturing options, possible collaboration beyond China, and the revamping of China's auto production bases.
Stellantis , longtime partner Dongfeng sign $1.2 billion US-linked deal to produce electric Peugeot , Jeep vehicles in China - Companies outline future expanded co-operation, positioning engagement beyond Hubei province, Wuhan, and China .
Electric vehicle technology, debated production, and global reach focused - Italian-French group focuses on Asian automobile market, reassessing manufacturing options, potential for collaboration beyond China, and joint production in Europe. Shares of Dongfeng off by 1.5% and Stellantis 2.0% on agreement
Stellantis Dongfeng Peugeot Jeep China Europe Joint Production Electric Vehicles (Evs) Global Reach
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