Stellantis Shares Slip 4.5% as $1.2B China Jeep JV Unveiled
Stellantis US-listed shares fell 4.5% on Friday following a broader selloff in AI-related automaker stocks, underperforming peers as Ford plunged 7.5% and General Motors dropped 3.7%. Meanwhile, Stellantis agreed to invest 8bn yuan ($1.2bn) with Dongfeng to build Jeep and Peugeot EV models in Wuhan from 2027.
1. Stock Underperformance on AI-Driven Selloff
Stellantis US-listed shares sank 4.5% on May 15, marking underperformance against Ford’s 7.5% plunge and GM’s 3.7% slide as enthusiasm for automakers tied to AI energy storage cooled. The broader risk-off mood across automaker stocks with tech-like growth narratives pressured Stellantis below its peers.
2. $1.2 Billion Jeep and Peugeot EV JV in Wuhan
Stellantis and Dongfeng Motor will invest over 8bn yuan ($1.2bn) to produce two Jeep off-road models and two Peugeot new-energy vehicles at a Wuhan plant starting in 2027. The venture, with Stellantis contributing about 130m yuan, aims to leverage Chinese manufacturing and technology to bolster global EV competitiveness as part of the company’s strategic reset under CEO Antonio Filosa.