Stellantis: rises to 75% in partnership with Gac in China

Stellantis, 50% to 75% with Gac in China

Stellantis announced plans to increase its stake in GAC-Stellantis 50% to 75%. The announcement, informs a statement, is a fundamental element of Stellantis’ plan to build new bases for its business in China. GAC Group And Stellantis they will work together to complete the formalities of the agreement, which remains subject to the approval of the Chinese government. GAC-Stellantis is one joint venture formed in March 2010 between the Chinese group Guangzhou Automobile Group Co., Ltd. (GAC Group) e Stellantis.

In September 2021, the note continues, Stellantis announced that it would create a simplified operational organization “Stellantis Jeep“to develop the brand in China. The JV is now able to support the efficiency of this integrated strategy “One Jeep“in China, focused on the Changsha manufacturing plant which is currently preparing the launch of the Compass model. GAC Group and Stellantis will continue to work closely together to grow the brand’s profitable business in China. – 2 – Further details on the projects of Stellantis for the Chinese market will be announced as part of the global strategic plan on March 1, 2022.

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