Stellantis is assessing its investment strategy in Europe and holding discussions with potential partners, including Chinese automakers, as part of a broader strategic realignment, according to a report by Bloomberg.
The global automotive group has reportedly explored cooperation opportunities with companies such as Xiaomi and Xpeng, with talks focused on options to strengthen its European operations. These discussions could include potential stakes in certain brands or joint initiatives, though details remain limited.
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Bloomberg reported that the talks may involve “options for an overhaul of Stellantis in Europe,” including possible investments in brands such as Maserati. Stellantis’ European portfolio also includes Fiat, Alfa Romeo, Citroën, Peugeot, DS, and Opel.
The reported discussions come as Stellantis seeks access to advanced electric vehicle and software technologies, areas where Chinese automakers have made rapid progress. At the same time, Chinese companies are said to be interested in expanding their presence in Europe, potentially through access to existing manufacturing capacity.
Stellantis already maintains a partnership with Chinese automaker Leapmotor, which could be expanded to include broader technology sharing to support its European electric vehicle lineup.
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The company is undergoing a strategic overhaul under Chief Executive Officer Antonio Filosa, who earlier announced a write-down exceeding 22 billion euros, largely tied to North American electric vehicle operations that have been scaled back or discontinued. The write-down contributed to a significant financial loss for 2025.
Industry observers have also pointed to excess production capacity within Stellantis’ European manufacturing network, particularly among volume brands such as Fiat, Opel, and Peugeot. At the same time, premium marque Maserati has faced declining sales despite investments in electrification, prompting speculation about its future within the group.
Bloomberg also noted that discussions with Chinese manufacturers may include access to European production facilities, offering a faster route to local manufacturing compared to building new plants. Xiaomi currently produces vehicles exclusively in China, while Xpeng uses contract manufacturing in Europe through Magna.
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Stellantis declined to comment on specific reports but confirmed it regularly engages with industry participants. “As part of its normal course of business, Stellantis holds discussions with a range of industry players around the world on various topics, always with the ultimate aim of providing customers with the best mobility choices,” the company said, according to Bloomberg.
A spokesperson for Xpeng declined to comment, Bloomberg reported, while Xiaomi did not immediately respond to requests for comment.
The automaker also rejected speculation that it is considering a corporate breakup. “Stellantis states in the most categoric terms that there is no truth in the suggestion that it is considering a plan to split the company,” it said. “Any assertion to the contrary is pure invention.”
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Any potential collaboration with Chinese partners is unlikely to extend to Stellantis’ North American operations, given regulatory constraints. The United States is expected to restrict the use of Chinese technology in connected vehicles from 2027, alongside maintaining tariffs on electric vehicles and batteries.