Stellantis Group and Tianqi Shares Sign Investment Memorandum of Understanding to Deepen Circular Economy Cooperation in the Automotive Industry Chain

Stellantis Group and Tianqi Shares signed an investment memorandum of understanding. Stellantis will invest in Tianqi Shares' subsidiary Tianqi Oled, holding a 32% stake. Tianqi Oled is a leading domestic internal combustion engine remanufacturing company with three major production bases and an annual production capacity of 50,000 units. The two parties have previously signed a battery recycling and recycling service agreement. This signing will further deepen the cooperative relationship and promote Stellantis' circular economy layout in the Chinese market.