Stellantis announced this past week, that it plans to increase its stake in its GAC-FCA (now called GAC-Stellantis) joint venture from 50% to 75%. Stellantis says that the plan is a key element of the automaker’s plan to lay a new foundation for its Chinese business. The China Guangzhou Automobile Group Co., Ltd. (GAC Group) and Stellantis has agreed to collaboratively complete the relevant formalities of the agreement, which remains subject to Chinese government approval.
The GAC-FCA joint venture was formed in March 2010, together the two companies have produced Chinese-spec models of the Jeep® Renegade (BQ), Jeep Compass (M4), Jeep Cherokee (K4), and Grand Commander (K8). The four vehicles are produced in two plants located in Guangzhou (for the Renegade and Compass) and in Changsha (for the Cherokee and Grand Commander).
In September 2021, Stellantis announced that it would create a simplified operating organization “Stellantis Jeep” to develop a brand in China. The joint venture is now able to support the efficiency of this integrated “One Jeep” strategy in China. GAC Group and Stellantis will continue to collaborate closely to grow the brand’s profitable business in China.
We should hear a lot more details on Tuesday, March 1st, 2022, during its Global Strategic Plan meeting. The event is expected to release details about the automaker’s future plans, similar to Fiat Chrysler Automobiles (FCA) Capital Market’s Day event in 2018.
2022 Jeep® Grand Commander Summit 4×4 Image Gallery:
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