• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Stellantis joint venture with China’s GAC to close one of two plants

September 7, 2021 by David Barret Leave a Comment

September 7, 2021

BEIJING (Reuters) – Stellantis NV’s Chinese joint venture with GAC will close one of its two Chinese factories by March 2022, GAC told Reuters, as Stellantis restructures operations in the world’s biggest auto market where it struggles to sell cars.

The joint venture, which currently has capacity to make 328,000 vehicles a year, sold only 12,288 in the first seven months this year.

It will transfer production from Guangzhou to Changsha to “increase utilisation rate of plants and lower cost”, GAC said in a statement.

The joint venture was launched by GAC and FCA, which merged with PSA to become Stellantis. A Stellantis spokesperson declined to comment.

As well as the GAC partnership, Stellantis also operates a joint venture with Dongfeng Motor Group, which sold 47,788 cars between January and July.

(Reporting by Yilei Sun and Brenda Goh; Editing by David Goodman and Mark Potter)

Source Link Stellantis joint venture with China’s GAC to close one of two plants

David Barret
David Barret

Related posts:

  1. UK card spending slips to 93% of pre-COVID level – ONS
  2. Your next smartwatch could come with not one, but two cameras on board
  3. GM to cut North American production, citing chip shortage
  4. Fujifilm confirms it’s working on high-resolution mirrorless cameras

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Fancy Seeing Your Organs In 4D? Pretty Soon, You Might Be Able To
  • First Known Bats To Glow In The Dark In The US Discovered – But Scientists Aren’t Sure Why
  • “You Be Good. I Love You”: How Alex The Parrot Rewrote Our Understanding Of Animal Intelligence
  • What Would You Find If You Drill Down Deep Under Antarctica?
  • This Is The Safest Place To Sit In Your Car
  • Birds, Hats, And Boycotts: The Story Behind Why It’s A Crime To Collect Feathers
  • Ultra-High-Definition TV – Is It Really Worth It? New Study Figures Out If We Can Even See In UHD
  • Interstellar Comet 3I/ATLAS Will Be At Its Closest To The Sun This Week
  • Human Movement Around Earth Over 40 Times Greater Than That Of All Wild Land Animals Combined
  • Rats Filmed Snatching Bats Out Of The Air Mid-Flight In First-Of-Its-Kind Footage
  • Incredible Planetary System Has Two Stars And Three Earth-Sized Planets
  • “Invasive” Iguanas Spared Extinction As It’s Discovered They Arrived Before Humans Did
  • C/2025 A6 (Lemmon): Phenomenal Fleeting Photobomb Creates Spiral Over Brightest Comet
  • Why Are Men Taller Than Women? Weirdly, We Don’t Actually Know
  • First Targeted Treatment For Dangerous Liver Disease Could Come From An Unexpected Source
  • Mushrooms Could Beat Metal For Large-Scale Memory Storage And Processing
  • Greenhouse Gases’ Heat Trapping Ability Hasn’t Saturated As Some Predicted – But Why?
  • Did You Know The World’s Largest Waterfall Is Underwater?
  • Video Game Study Found Out What People Do When The World Ends, And It’s Exactly What You’d Expect
  • How Do We Predict The Weather? Find Out More In Issue 40 Of CURIOUS – Out Now
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version