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In a further expansion of their long-standing partnership, Stellantis and Dongfeng Group announce their intention to establish a new Stellantis-led, Europe-based joint venture to perform shared sales & distribution, manufacturing, purchasing and engineering activities
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The joint venture would take responsibility for the sales and distribution of Dongfeng’s Voyah-branded vehicles in designated markets in Europe
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The partners also intend to localize, in line with Made-in-Europe requirements, Dongfeng new energy vehicles models in the Rennes plant in France
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Stellantis and Dongfeng Group recently announced the production of all-new Peugeot and Jeep models in China for the domestic market and export
Recently, Stellantis and Dongfeng Group signed a non-binding Memorandum of Understanding: the two parties plan to have a further expansion of their 34-year partnership, with the intention to create a Europe-based joint venture for the sales, distribution, manufacturing, purchasing and engineering of Dongfeng’s new energy vehicles (“NEVs”), with an initial focus on designated markets in Europe.
Under the contemplated plan, the partners intend to establish a new Europe-based, Stellantis-led 51/49 joint venture. The new entity would have responsibility for the sales and distribution of Dongfeng’s Voyah-branded premium NEVs in designated markets in Europe, leveraging Stellantis’ strong network and after-sales expertise. This new entity would also host joint purchasing and engineering activities, tapping into Dongfeng’s highly competitive Chinese NEV ecosystem.
The partners also envisage the potential production of Dongfeng NEV at the Rennes plant in France, in line with European regulations and Made-in-Europe requirements.
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“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.”
“Dongfeng will further strengthen and expand our partnership with Stellantis, closely aligning with China’s national strategies of high-level opening up, dual circulation, and stabilizing foreign investment, business, and employment.” said Qing YANG, Dongfeng Chairman. “This also meets both shareholders’ development needs. Through coordination in technology, branding, and global markets, it will unlock greater value from the joint venture, accelerate Dongfeng’s global expansion, support Stellantis’ global strategic shift and China presence.”
Earlier this month, Stellantis and Dongfeng announced the strengthening of their longtime China-based Dongfeng Peugeot Citroën Automobile Co., Ltd (“DPCA”) joint venture, that will produce all-new Peugeot and Jeep-branded NEVs at its Wuhan plant for China and for export to global markets, starting in 2027.
Since its inception, the DPCA joint venture has produced over 6.5 million Peugeot and Citroën-branded vehicles in China for the domestic and overseas markets.
The implementation of the project is subject to the execution of the relevant implementation agreements, including economic and operational principles, and the satisfaction of customary conditions and approvals.
Stellantis (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a leading global automaker, dedicated to giving its customers the freedom to choose the way they move, embracing the latest technologies and creating value for all its stakeholders. Its unique portfolio of iconic and innovative brands includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.
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