Stellantis failed to acquire a 25% stake in GAC-Stellantis joint venture.

Stellantis, a global mobility provider, failed to acquire a 25% stake in GAC-Stellantis joint venture from GAC, a Chinese automobile maker. Financial terms were not disclosed. The JV is now fit to support the efficiency of this integrated “One Jeep” strategy in China, focused on the Changsha manufacturing plant, which is currently preparing to launch the Compass model. GAC Group and Stellantis will continue collaborating closely with each other to grow the brand’s profitable business in China.