Stellantis and Dongfeng Partner in $1.17 Billion Deal to Accelerate EV Production in China
Strategic Expansion in the World’s Largest EV Market Stellantis, the global automotive conglomerate, announced a $1.17 billion partnership with China’s Dongfeng Group this week to manufacture electric vehicles (EVs) under the Peugeot and Jeep brands for the Chinese domestic market. The multi-billion dollar investment aims to revitalize the presence of Western brands in a region…