Stellantis, the automotive giant based in Amsterdam, announced on Wednesday plans to establish a joint venture based in Europe with the Chinese Dongfeng Motor Group, focusing on selling electric vehicles from the Chinese company in Europe. The two companies signed a non-binding memorandum of understanding to establish a joint venture led by Stellantis with a 51/49 share. The proposed deal is contingent on final agreements, customary approvals, and conditions …
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