Months after announcing plans to terminate its Jeep joint venture in China with GAC Group, the Stellantis JV has officially filed for bankruptcy. Following the approval by GAC, Stellantis’ Jeep production overseas will cease, putting an end to a joint venture that began in 2010.
Expand Expanding Close
Following news that global automaker Stellantis would be terminating its joint venture to produce Jeeps with Guangzhou Automobile Group (GAC), the Chinese automaker has clapped back. More specifically, GAC has singled out Stellantis CEO Carlos Tavares over his recent comments about the failed joint venture, and the supposed “broken trust” between the two partners.
Expand Expanding Close
GAC Motor, a giant Chinese automaker that is going electric, is launching a new electric sedan and it decided to call out Tesla while doing so.
Expand
Expanding
Close
After unveiling its new GE3 all-electric crossover at the 2017 North American International Auto Show (NAIAS) in Detroit earlier this year, China’s GAC Motor is now launching the production version of the vehicle in its home country.
The production specs are fairly impressive for a vehicle of its price range: 150,200 to 173,200 yuan (US$ 22,200 to 25,600).
Expand
Expanding
Close
We have been talking a lot about China at Electrek over the past few months, but that’s because it has quickly become the largest electric vehicle market in the world and it’s likely to keep growing with the government’s mandate.
Now one of the country’s biggest automakers, GAC Motor, announced that they started construction at a giant $6.5 billion industrial park to develop and produce electric and autonomous vehicles.
Expand
Expanding
Close