Stellantis exploring deals with XPeng, Xiaomi, Bloomberg says

Stellantis (STLA) executives have met with China’s Xiaomi (XIACY) and Xpeng (XPEV) to discuss options for an overhaul of the carmaker in Europe, including acquiring stakes in Maserati or other brands and possibly investing in the Fiat owner’s struggling European operations, people familiar with the matter told Bloomberg’s Albertina Torsoli, Daniele Lepido and Donato Paolo Mancini. “As part of its normal course of business, Stellantis holds discussions with a range of industry players around the world on various topics, always with the ultimate aim of providing customers with the best mobility choices. The company does not comment on speculations,” the automaker is quoted as having stated to Bloomberg.