© Reuters. FILE PHOTO: A Stellantis signal is seen exterior the corporate’s headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Prepare dinner/File Picture
BEIJING (Reuters) – Stellantis NV’s Chinese language three way partnership with GAC will shut one among its two Chinese language factories by March 2022, GAC informed Reuters, as Stellantis restructures operations on the planet’s largest auto market the place it struggles to promote vehicles.
The three way partnership, which at present has capability to make 328,000 automobiles a yr, bought solely 12,288 within the first seven months this yr.
It can switch manufacturing from Guangzhou to Changsha to “improve utilisation fee of crops and decrease value”, GAC mentioned in a press release.
The three way partnership was launched by GAC and FCA, which merged with PSA to grow to be Stellantis. A Stellantis spokesperson declined to remark.
In addition to the GAC partnership, Stellantis additionally operates a three way partnership with Dongfeng Motor Group, which bought 47,788 vehicles between January and July.
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