Stellantis, the French-Italian automotive group, is partnering with China's Dongfeng to establish a joint venture in Europe, where Dongfeng's electric vehicles (EVs) will be assembled in Stellantis' facility in western France. Stellantis will hold a controlling 51% stake in this venture, aligning with the EU's new regulations for local EV content.

• 01Stellantis will hold a 51% controlling stake in the joint venture with Dongfeng.
• 02The assembly of Dongfeng's electric models will take place in western France.
• 03This venture aims to meet the EU's requirement that 70% of EV content be produced locally.
• 04The partnership signifies a strategic move for Stellantis to enhance its electric vehicle offerings.
• 05The collaboration highlights the growing importance of local production in the European EV market.

This joint venture will create jobs and boost the local economy in western France, as it will involve the assembly of electric vehicles in the region.