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Stellantis Plans to Introduce Investors for European Operations, Negotiates with Chinese Firms Including Xiaomi and XPeng
Bloomberg, citing sources, reports that European automaker Stellantis is exploring a deal with a Chinese automaker, where the Chinese company would invest in its struggling European operations, while Stellantis shifts its investment focus to the American market.
Sources reveal that Stellantis executives have met with Xiaomi Group (01810) and Xpeng Motors (09868) to discuss various plans to restructure Stellantis’ European business, including the possibility of selling shares in Maserati or other brands. As Chinese companies seek to expand in Europe, the talks also involve acquiring automotive manufacturing capacity.
Sources say that months of negotiations with Chinese firms have involved the latter potentially taking stakes in Stellantis’ European entities. The restructuring could ultimately lead to further separation of Stellantis’ U.S. and European operations, although current discussions do not focus on a full spin-off.
Stellantis issued a statement saying they do not comment on speculation but emphasize that the company is not considering a spin-off plan. Any contrary claims are purely fabricated. As part of normal business operations, Stellantis engages with many industry professionals worldwide on various topics, with the ultimate goal of providing the best mobility options for customers.