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Stellantis to shift more emphasis to imports for China sales

'Asset light' strategy sought to turn around troubled joint ventures

HONG KONG -- Stellantis, the world's fourth largest automaker by sales, is breaking with its rivals by moving to an "asset light" approach in China that is to involve shifting toward more imports rather than increased local production.

Carlos Tavares, who runs the company formed last year by joining Fiat Chrysler Automobiles with France's Groupe PSA, highlighted Stellantis' shift in the biggest car market in the world in a presentation to analysts and reporters of the group's long-term strategic plan on Tuesday evening.

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