Stellantis, Dongfeng plan European joint venture to sell Voyah EVs
Cnevpost
Last updated: May 20, 2026
European auto giant Stellantis NV is set to form a new joint venture with its Chinese partner, Dongfeng. This strategic move is part of Stellantis's broader efforts to adapt to the evolving automotive landscape in China, particularly concerning the electric vehicle (EV) market. The joint venture aims to rebalance the ownership structure of their existing operations and strengthen their position.
- Stellantis plans to acquire a 40% stake in Dongfeng's LCV business, with Dongfeng retaining a 60% stake. This partnership will focus on developing and manufacturing light commercial vehicles (LCVs) for the Chinese market. The deal includes a cash dividend of approximately €225 million to be paid to Stellantis.
- This collaboration is a key element of Stellantis's Dare Forward 2030 strategic plan, which emphasizes leveraging partnerships to achieve growth and competitiveness in critical markets. The joint venture is expected to be established in the second half of 2022, subject to customary closing conditions and regulatory approvals.
- The deal aims to enhance the operational efficiency and market presence of their LCV business in China. It represents a significant step for Stellantis in navigating the competitive Chinese automotive industry and capitalizing on the growing demand for LCVs.
