Stellantis, Dongfeng Form 51/49 JV to Build Voyah EVs at Rennes Plant
Stellantis and Dongfeng created a joint venture in Europe with Stellantis holding a 51% stake and Dongfeng 49%, enabling Dongfeng’s Voyah EVs to be built at Stellantis’s Rennes plant. This move bypasses EU tariffs on Chinese EVs and boosts plant utilization and clean-energy vehicle sales.
1. Joint Venture Structure
Stellantis will lead the joint venture with a 51% stake while Dongfeng holds 49%, sharing manufacturing, sales and engineering operations across Europe. Financial terms were not disclosed, marking a major collaboration between the world’s fourth-largest automaker and China’s Dongfeng.
2. Production and Tariff Benefits
The JV will produce Dongfeng’s Voyah electric vehicles at Stellantis’s Rennes plant in western France for the European market. Local manufacturing allows the joint venture to circumvent hefty EU tariffs on Chinese EV imports and addresses years of underutilization at the Rennes facility.
3. Strategic Implications
The partnership accelerates Stellantis’s expansion of clean-energy vehicles in Europe and maximizes capacity at an underused plant, while giving Dongfeng direct access to key EU markets. It builds on an earlier agreement to produce Jeep and Peugeot models for China and deepens cooperation on EV technology research and development.