Stellantis and Jaguar Land Rover (JLR) announced this week the signing of a Memorandum of Understanding (MOU) to ‘explore opportunities to collaborate on product development in the United States.’
Two of Formula E’s manufacturer could therefore be set to work in an aligned fashion in the automotive sector, although there is no suggestions any connection could come in marketing initiatives such as Formula E.
Stellantis has technical tie-ups with many rivals across the world in automotive and even in its Formula E programme it is working closely with the Mercedes High Performance Powertrains division. They will supply some motor technology to the Stellantis Gen4 project which will supply Citroen and Opel.
In an official press communication issued on Wednesday, May 20, Stellantis detailed that under the terms of the non-binding MOU ‘Stellantis and JLR will explore collaboration opportunities to create synergies across product and technology development, leveraging the companies’ complementary strengths to create value for both organizations.
“By working with partners to explore synergies in areas such as product and technology development, we can create meaningful benefits for both sides while remaining focused on delivering the products and experiences our customers love,” said Antonio Filosa, Chief Executive Officer of Stellantis.
“As we continue to evolve JLR for the future, collaboration will play an important role in unlocking new opportunities. Working with Stellantis allows us to explore complementary capabilities in product and technology development that support our long‑term growth plans for the US market,” said PB Balaji, Chief Executive Officer of JLR.
Implementation of any potential transactions as a result of the MOU discussions would be subject to customary closing conditions including execution of binding definitive agreements.
Chinese giant in joint European venture with Stellantis
Stellantis also announced a new alliance with Chinese giant, Dongfeng. The announcement laid out an intention to form a European Joint Venture for Shared Sales & Distribution, Manufacturing, Purchasing, and Engineering Activities
This is seen as a further expansion of a long-standing partnership and to establish a new Stellantis-led, Europe-based joint venture to perform shared sales & distribution, manufacturing, purchasing and engineering activities
The joint venture is set to take responsibility for the sales and distribution of Dongfeng’s Voyah-branded vehicles in designated markets in Europe, and the partners also intend to ‘localise, in line with made-in-Europe requirements, Dongfeng new energy vehicles models in the existing plant based in Rennes in France.
Stellantis and Dongfeng Group recently announced the production of all-new Peugeot and Jeep models in China for the domestic market and export.
“The plans we are announcing today take our recently strengthened cooperation with Dongfeng to an all-new dimension of an international partnership to the benefit of customers around the world,” said Antonio Filosa, Stellantis CEO.
“With this new chapter in our collaboration, we will give our customers an even greater choice of competitive products and pricing, leveraging the best of Stellantis’ global footprint alongside Dongfeng’s access to China’s advanced new energy vehicles ecosystem.”
“Dongfeng will further strengthen and expand our partnership with Stellantis, closely aligning with China’s national strategies of high-level opening up, dual circulation, and stabilizing foreign investment, business, and employment,” said Qing YANG, Dongfeng Chairman. “This also meets both shareholders’ development needs. Through coordination in technology, branding, and global markets, it will unlock greater value from the joint venture, accelerate Dongfeng’s global expansion, support Stellantis’ global strategic shift and China presence.”
Formula E continues to pursue Chinese manufacturer for its Gen5 era, which should debut post 2030.
