Stellantis and Chinese Guangzhou Automobile Group have announced the end of their joint venture. The loss-making Jeep-producing venture was active for only 4 months. The announcement follows a reprimand by GAG regarding Stellantis announcing plans to raise its stake from 50% to 75% before the two companies had reached a formal agreement.
TL:DR — A high-ranking S. Korean-based auto park maker is pulling a divide and conquer, while SK Group, the 2nd largest individually controlled S. Korean conglomerate, invests in safe chargers for apartment buildings. Each move feels like an investment in being key players in the global shift toward electrification.