AAPL

TSLA

AMZN

META

AMD

NVDA

PEP

COST

ADBE

GOOG

AMGN

HON

INTC

INTU

NFLX

ADP

SBUX

MRNA

Markets

Stellantis Plan Europe JV With Dongfeng Motor Group For Dongfeng Energy Vehicles

May 20, 2026 — 03:29 am EDT

Written by

RTTNews.com for

RTTNews->

(RTTNews) - Stellantis N.V. (STLA), on Wednesday announced plans to form a Europe-based joint venture with Dongfeng Motor Group Co., Ltd. focused on sales, distribution, manufacturing, purchasing and engineering activities for Dongfeng new energy vehicles in Europe.

The companies signed a non-binding memorandum of understanding to establish a Stellantis-led 51/49 joint venture.

The proposed transaction remains subject to definitive agreements, customary approvals and closing conditions.

The company said that the proposed venture would oversee sales and distribution of Dongfeng's Voyah-branded premium new energy vehicles in designated European markets using Stellantis' distribution and after-sales network.

The partners also plan to localize production of Dongfeng new energy vehicle models at Stellantis' Rennes plant in France, in line with Made-in-Europe requirements.

Earlier this month, Stellantis and Dongfeng announced plans to produce new Peugeot and Jeep-branded new energy vehicles at the Wuhan plant in China for domestic and export markets starting in 2027.

Stellantis closed trading 0.81% lesser at $7.35 on the New York Stock Exchange. In the overnight, the stock is trading 0.82% higher at $7.41.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.