In a move that could reshape the global automotive landscape, Chinese state-owned automaker FAW is reportedly in talks with Stellantis, the parent company of iconic brands such as Peugeot and Citroen, to explore a potential partnership. The discussions are being facilitated by Leapmotor, a prominent Chinese electric vehicle manufacturer, according to sources close to the matter. The partnership could potentially see FAW's Hongqi brand collaborate with Stellantis on electric vehicle production, capitalizing on the growing demand for eco-friendly cars in China and beyond. The talks are seen as a significant development in the rapidly evolving automotive industry, where collaborations and partnerships are increasingly crucial for manufacturers to stay competitive.
Hongqi’s owner, state-owned automaker FAW, is holding the talks with Stellantis via Chinese electric vehicle maker Leapmotor, sources told Reuters.
