Stellantis, Dongfeng intend to create Europe-based joint venture

Stellantis (STLA) 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, 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 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.