"Potential Partnership Unfolds: FAW in Secret Talks with Stellantis Over Hongqi Acquisition" In a move that could significantly alter the global automotive landscape, state-owned Chinese automaker FAW is reportedly engaged in secret talks with Stellantis, the parent company of iconic brands such as Peugeot and Citroen, to discuss the potential acquisition of Hongqi, FAW's luxury vehicle division. According to sources, the negotiations are being facilitated by Leapmotor, a Chinese electric vehicle manufacturer. The talks come at a time when the global automotive industry is undergoing a seismic shift towards electric vehicles, and a partnership between FAW and Stellantis could create a powerhouse in the rapidly growing EV market. If successful, the deal would mark a significant expansion of Stellantis' presence in China, the world's largest automotive market.
Hongqi’s owner, state-owned automaker FAW, is holding the talks with Stellantis via Chinese electric vehicle maker Leapmotor, sources told Reuters.
