Proposed Stellantis-Dongfeng Joint Venture Targets NEV Sales, Engineering and Manufacturing Synergies in Europe

Proposed Stellantis-Dongfeng Joint Venture Targets NEV Sales, Engineering and Manufacturing Synergies in Europe

(IN BRIEF) Stellantis and Dongfeng Group have signed a non-binding Memorandum of Understanding to explore the creation of a new Stellantis-led joint venture in Europe focused on the sales, distribution, manufacturing, purchasing and engineering of Dongfeng new energy vehicles. The proposed 51/49 joint venture would initially oversee the European rollout of Dongfeng’s Voyah-branded premium NEVs in designated markets, using Stellantis’ sales network and after-sales expertise while drawing on Dongfeng’s competitive Chinese NEV ecosystem. The two companies are also considering the localization of Dongfeng NEV production at Stellantis’ Rennes plant in France to meet European regulatory and Made-in-Europe requirements. The announcement expands the companies’ 34-year partnership and follows their recent decision to strengthen the DPCA joint venture in China, which is expected to produce new Peugeot and Jeep NEVs in Wuhan from 2027 for both domestic and export markets. The plan reflects the growing importance of cross-border automotive partnerships as global carmakers seek to combine regional market access, electric vehicle expertise, local manufacturing and competitive product development to serve rapidly evolving mobility markets.

(PRESS RELEASE) AMSTERDAM, 21-May-2026 — /EuropaWire/ — Stellantis and Dongfeng Group have signed a non-binding Memorandum of Understanding outlining their intention to create a new Europe-based joint venture focused on sales and distribution, manufacturing, purchasing and engineering activities for Dongfeng’s new energy vehicles.

The planned joint venture would represent a further expansion of the companies’ 34-year partnership and would initially focus on designated European markets. Under the proposed structure, the new entity would be led by Stellantis, with a 51/49 ownership split between Stellantis and Dongfeng.

The contemplated joint venture would take responsibility for the sales and distribution of Dongfeng’s Voyah-branded premium new energy vehicles in selected European markets. Stellantis’ established sales network, market presence and after-sales capabilities would support the European rollout, while Dongfeng would contribute access to China’s highly developed and competitive new energy vehicle ecosystem.

In addition to sales and distribution, the proposed entity would support shared purchasing and engineering activities. The partners aim to combine Stellantis’ international industrial footprint and European market knowledge with Dongfeng’s NEV technology strengths, manufacturing competitiveness and experience in China’s fast-growing electric vehicle market.

Stellantis and Dongfeng are also exploring the potential localization of Dongfeng new energy vehicle production at the Rennes plant in France. The plan would align with European regulations and Made-in-Europe requirements, supporting the companies’ objective of adapting Dongfeng NEV models for European customers and regulatory expectations.

Antonio Filosa, Chief Executive Officer of Stellantis, said the planned joint venture would take the companies’ strengthened cooperation with Dongfeng into a new phase of international partnership. He said the collaboration would give customers more choice in competitive products and pricing by combining Stellantis’ global footprint with Dongfeng’s access to China’s advanced new energy vehicle ecosystem.

Qing Yang, Chairman of Dongfeng, said the planned expansion of the partnership aligns with China’s strategies around high-level opening up, dual circulation, and the stabilization of foreign investment, business and employment. He said coordination across technology, branding and global markets could unlock greater value from the partnership, accelerate Dongfeng’s international expansion, and support Stellantis’ global strategic shift and China presence.

The announcement follows a recent agreement between Stellantis and Dongfeng to strengthen their long-standing China-based joint venture, Dongfeng Peugeot Citroën Automobile Co., Ltd. Under that plan, the DPCA joint venture will produce all-new Peugeot and Jeep-branded new energy vehicles at its Wuhan plant for the Chinese market and export to global markets, starting in 2027.

Since its creation, DPCA has produced more than 6.5 million Peugeot and Citroën-branded vehicles in China for domestic and international markets. The proposed Europe-based joint venture would therefore build on an existing industrial relationship while extending the partnership into new areas of European sales, localization and engineering.

The implementation of the project remains subject to the signing of relevant definitive agreements, including economic and operational terms, as well as customary approvals and conditions.

About Stellantis

Stellantis (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a leading global automaker, dedicated to giving its customers the freedom to choose the way they move, embracing the latest technologies and creating value for all its stakeholders. Its unique portfolio of iconic and innovative brands includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. For more information, visit www.stellantis.com.

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SOURCE: Stellantis