Stellantis (STLAM FP) reportedly in talks with Xiaomi and Xpeng (XPEV) on European deals, according to Bloomberg
Newsquawk Staff ·
Stellantis (STLAM FP) reportedly in talks with Xiaomi and Xpeng (XPEV) on European deals, according to Bloomberg.
What it means
Stellantis is reportedly negotiating with Xiaomi and Xpeng for deals in Europe, which suggests a strategic push to enhance their position in the rapidly evolving automotive market. This could indicate a broader trend of collaboration in the sector, particularly in the electrification space, potentially impacting competitive dynamics and investment sentiment in European equities, especially within the automotive sector.
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