Stellantis, Dongfeng plan European EV joint venture as partnership deepens
MILAN: Stellantis and China’s Dongfeng Group have signed a non-binding memorandum of understanding to expand their 34-year partnership, aiming to create a Europe-based joint venture focused on the sales and distribution of Dongfeng’s new energy vehicles, the companies said. The proposed Stellantis-led venture would be structured as a 51/49 split and would initially target designated European markets with…