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Stellantis and Dongfeng plan Europe JV for new-energy vehicles
On Wednesday, Franco-Italian automaker Stellantis and Chinese state-owned conglomerate Dongfeng signed a preliminary agreement for a European joint venture, Reuters reported on May 20, citing company information. The partnership aims to bring Dongfeng’s new-energy vehicles closer to the European market. Stellantis is set to hold a 51 percent majority stake in the planned joint venture, while Dongfeng will hold 49 percent