Hongqi Explores Using Stellantis Spain Plant for European Expansion
Chinese luxury automaker Hongqi is in talks with Stellantis to use one of its Spanish plants for vehicle production as part of its European expansion. The collaboration would involve Hongqi's parent company FAW and Chinese EV maker Leapmotor, with which both FAW and Stellantis are investors. This move could help Hongqi avoid costly new factory investments and accelerate its plans to launch over a dozen EV and hybrid models in Europe by 2028.
Topics: automotive industry China electric vehicles Europe expansion strategic partnerships