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Stellantis Announced Plans to Take Majority Share in Joint Venture with GAC in China; Stellantis to Raise Stake in GAC-Stellantis from 50% to 75%

StellantisN.V. today announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%. The announcement is a key element of Stellantis' plan to set a new basis for its business in China. GAC Group and Stellantis have agreed to collaboratively complete the relevant formalities of the deal, which remains subject to the approval of the Chinese government.

STLA