Hongqi in Talks to Manufacture Cars at Stellantis Spain Plant
Chinese automaker Hongqi is in discussions with Stellantis to manufacture vehicles at the company's plant in Spain, potentially avoiding the high costs of building a new European factory. The talks are being facilitated through Leapmotor, a joint venture between Stellantis and Hongqi's parent company FAW. The move could mark Hongqi's first manufacturing base in Western Europe.
Tickers: $STLA
Topics: automotive manufacturing China foreign investment Hongqi Leapmotor Stellantis