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Download Video Embed Media Type: News Photography Video Audio Date Range: LOGIN Journalists must be registered with the site to receive email alerts and to download high-resolution photos. Click here to register FORGOT PASSWORD Your account is archived Your application is pending. Stock photography by izmo, Inc. Read our Cookie Policy. The automaker formed from the merger between Fiat Chrysler and PSA Group is in advanced discussions with state-owned partner Guangzhou Automobile Group Co.

The change could take effect as early as next year, when Chinese rules on JVs are set to be loosened, the people said. Stellantis is trying to acetyl l carnitine its production with disappointing levels of demand in China, outlining in a statement last week a plan to integrate Jeep import operations into the JV and centralize production in Changsha.

Representatives for Stellantis and GAC declined to comment on plans for China beyond the statement. Out of the 3. Its market share in the country slipped to 0. Deliveries of locally made models plunged 45 percent to 44,026 units in 2020, one of the people said. BMW reached an agreement with Brilliance China Automotive Holdings in 2018 to raise its equity in their joint venture to 75 percent from the current 50 percent, with the transaction to be completed next year.

As part of the Fiat Chrysler-PSA merger, Stellantis also inherited a venture in China with the Dongfeng Motor Group that makes Peugeot and Citroen models. Dongfeng sold some of its stake in Stellantis last week as part of an agreement with PSA reached in December 2019. Have an opinion about this story.

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Related Article Dongfeng sells 1. Recommended for You Apple supplier Foxconn halts EV project with Byton, report says China develops machines to track data sent abroad by acetyl l carnitine China to consolidate overcrowded electric vehicle industry, minister says Sponsored Content: The Ultimate Guide to Modern Sales Training Sponsored Content: Creating resilient supply networks in an era of uncertainty Sign up for free newsletters Daily Summary (weekdays) Weekly Summary (Mondays) Breaking News Alerts (as needed) Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Indians News.

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