# Joint Venture

A Decisive Pivot: Stellantis and Dongfeng’s $1.1 Billion Gambit to Salvage European Brands in China

Stellantis and a consortium of five other institutions have committed over 8 billion yuan to restructure Shenlong Automobile, focusing heavily on the new energy vehicle sector. The investment aims to revitalize European automotive brands in China as domestic EV competition continues to squeeze traditional market players.