Stellantis to take 32% stake in Miracle Automation's engine remanufacturing unit

Stellantis, through its unit Automobiles Peugeot, plans to take a 32% stake in Miracle Oruide Guangzhou Auto Parts Remanufacture, a subsidiary of Miracle Automation Engineering, by raising the unit's registered capital. The deal aims to expand into auto parts recycling and refabrication.

“Stellantis unit Automobiles Peugeot will make the investment by raising the registered capital of Miracle Oruide Guangzhou Auto Parts Remanufacture, Wuxi-based Miracle Automation announced yesterday, citing the agreement it recently signed with Stellantis.”yicaiglobal.com

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• yicaiglobal.comStellantis to Take 32% Stake in Engine Remanufacturing Unit of China’s Miracle AutomationTang ShihuaApr 11, 2023

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