Stellantis N.V. (STLA) to Start Selling Chinese-Made Jeep in Europe

Stellantis N.V. (NYSE:STLA) is among the Most Promising Stocks.

On June 29, Bloomberg reported that Stellantis N.V. (NYSE:STLA) plans to begin selling a China-made Jeep in Europe by 2030. Dongfeng Motor is jointly producing the large SUV at its Wuhan plant. Jeep’s head of Europe, Fabio Catone, said the company expects to offer six Jeep models in Europe by the end of the decade, up from two now.

Bloomberg said the project grows the vehicle firm’s renewed partnership with Dongfeng under Chief Executive Officer Antonio Filos and reverses an earlier retreat from China. The report noted that the partners are also creating a venture allowing Dongfeng to build its own vehicles at a Stellantis factory in France.

Addressing concerns over a Chinese-built Jeep, Catone said, “Jeep is a US brand, certainly, but it’s also a global one,” and that “We’re super satisfied with what we are seeing take shape. It’s a real Jeep on all counts.”

Stellantis N.V. (NYSE:STLA) is involved in the design, engineering, manufacture, distribution, and sale of vehicles and components.

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