Shulou(Shulou.com)11/24 Report--

Thanks to the suffering march of CTOnews.com netizens, Daniel Wu in South China and Mr. Aviation for their clue delivery! Update: according to the China Securities News, the person in charge of Zero Auto responded to the relevant news: "We have no relevant information for the time being."

CTOnews.com, August 24 (Xinhua)-- Stellantis NV, Europe's second-largest automaker by sales, is considering working with a Chinese electric car company to increase its influence in the world's largest car market, Bloomberg reported on August 24.

Stellantis has discussed the possibility of working with Chinese electric car companies, including zero-running cars, Bloomberg reported, citing people familiar with the matter. It said Stellantis was taking a series of measures to catch up with its competitors, such as "investing in a local car company" and building business partnerships that would help it develop in China.

In addition, the source added that the decision is still in the "consideration" stage and no final decision has yet been made. As of press time, both Stellantis and Zero responded to a request for comment from Reuters.

CTOnews.com previously reported that Carlos Tavares, CEO of Stellantis Group, said in an interview that "some of our western counterparts" Volkswagen and General Motors are now under pressure in the Chinese market. Because the current business of traditional fuel vehicles is shrinking, and the scale of the electrified business of the two companies is not large, and the final profit is not high.

He also said that as Tesla's profits gradually decline, it will enter an environment of strict pricing and strong cost competitiveness. In such an environment, "large-scale enterprises like ours may face operational problems."

In early August this year, according to the Financial Associated Press, the reporter learned from informed sources that after Xiaopeng, Volkswagen's Jetta brand is talking about cooperation with Zero cars. Reported that FAW has issued internal documents, if the cooperation is reached, Jetta will focus on the economical electric car market, and will move the marketing company to Hangzhou like FAW Audi.

The insider revealed: "different from Volkswagen-Xiaopeng cooperation, FAW-Volkswagen is likely to 'buy out' a generation of platform technology." Another FAW-Volkswagen insider said that the company did have contact with zero running, but did not know the details, while zero running cars "did not comment".

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