# Dongfeng Motor Group to acquire assets from Stellantis JV

Dongfeng Motor Group will acquire automotive assets from its joint venture with Stellantis NV for $234 million to consolidate manufacturing resources amid weak car sales in China.

- Type: Acquisition
- Announced: 2023-10-24
- Where: China
- Value: $234.0M
- Status: announced
- Products: automotive assets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dongfeng Motor](https://endata.com/companies/3392.md) (acquirer)
- [Stellantis](https://endata.com/companies/7966.md) (partner)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/spotlight/caixin/china-s-dongfeng-to-buy-assets-from-stellantis-jv-amid-weak-sales), 2023-10-24: "Dongfeng Motor Group will acquire automotive assets from its joint venture with Stellantis NV as part of the carmaker's strategy to consolidate its manufacturing resources amid weak car sales in China."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.