With the news coming from Europe I started to wonder who we are dealing with. 1: MB 2: Volvo Who owns Volvo Cars? Volvo Cars is owned by the Chinese conglomerateZhejiang Geely Holding Group Co., Ltd., commonly known as Geely Holding. Geely is a multinational corporation that owns multiple businesses and brands in the automotive industry, and they took over the Volvo Cars brand in 2010. 3: Stellantis
Stellantis, a multinational automotive manufacturing company, has several partnerships with Chinese companies, including:
Guangzhou Automobile Group (GAC)
Stellantis plans to increase its stake in its 50-50 joint venture with GAC to 75%.
Dongfeng Motor Group Co. Ltd.
Stellantis sold automotive assets to Dongfeng, including land use rights, buildings, and structures in Wuhan and Xiangyang.
Leapmotor
Stellantis acquired a 20% stake in Leapmotor, forming a joint venture to export Chinese electric vehicles (EVs) to Europe:
The joint venture will allow Stellantis to build EVs based on Leapmotor technology in Europe, North America, and other markets.
Stellantis expects to quickly grow sales of China-made EVs outside of China.
However, Stellantis CEO Carlos Tavares said that expansion plans do not currently include distribution in the U.S. due to new American tariffs on China-made EVs.
Stellantis was formed in 2021 from the merger of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group
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