Stellantis and Dongfeng plan European joint venture for NEV sales and production
Stellantis and Dongfeng Group announced plans for a Europe-based joint venture to sell, distribute, and manufacture Dongfeng's new energy vehicles, starting with the Voyah brand.
- 51% Stellantis, 49% Dongfeng
- 6.5 million
- 34 years
What Happened
Stellantis and Dongfeng Group have signed a non-binding Memorandum of Understanding to create a Stellantis-led joint venture based in Europe. The new entity, with Stellantis holding a 51% stake, would handle sales, distribution, manufacturing, purchasing, and engineering for Dongfeng's new energy vehicles (NEVs), initially focusing on the premium Voyah brand in selected European markets. The partners also plan to localize production of Dongfeng NEVs at Stellantis's Rennes plant in France, complying with European regulations.
Stellantis and Dongfeng sign MoU for a new European joint venture covering NEV sales, distribution, manufacturing, purchasing, and engineering.
The partners announce that the existing DPCA joint venture in China will produce all-new Peugeot and Jeep NEVs for domestic and export markets starting in 2027.
“The plans we are announcing today take our recently strengthened cooperation with Dongfeng to an all-new dimension of an international partnership to the benefit of customers around the world.”
The existing Dongfeng Peugeot Citroën Automobile (DPCA) joint venture has produced over 6.5 million vehicles since its inception. The new European JV aims to leverage Dongfeng's competitive NEV ecosystem and Stellantis's global footprint, pending final agreements and regulatory approvals.
Why this matters
The joint venture would bring Chinese NEV technology to European markets while allowing Stellantis to expand its electric vehicle lineup, potentially offering more affordable EVs.
Terms in This Story
- NEV
- New Energy Vehicle, a term used in China for electric and plug-in hybrid vehicles.
- JV
- Joint Venture, a business arrangement where two or more parties share ownership and risks.
- MoU
- Memorandum of Understanding, a non-binding agreement outlining the terms of a proposed deal.
Summarised from the linked release; details can be imperfect — always verify against the original source.