Stellantis is set to form a joint venture with Dongfeng Motor (HKG:0489) and manufacture at least one fully electric Voyah (HKG:7489) model at its Rennes plant in France, Reuters reported Tuesday, citing two people familiar with the matter.
Under a letter of intent signed by the companies, Stellantis would hold a 51% stake in the venture, according to the report.
The agreement could be announced as early as Wednesday morning, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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