FRANKFURT, Germany -- Stellantis is partnering with battery manufacturer CATL and other Chinese players to produce electric vehicles and batteries at home in Europe, seeking to compete better against cheaper imports from China.
The European Union recently announced additional tariffs of up to 38% on Chinese EV imports, citing unfair subsidies from Beijing. Stellantis, whose brands include Fiat, Chrysler and Jeep, looks to boost European output to avoid this duty while still leaning on the expertise of cost-competitive Chinese players.
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