New Partnership Models Between Global OEMs and Chinese Automotive Start-ups
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Starting from the second half of 2023, global OEMs, represented by Volkswagen and Stellantis, have acquired ready-made vehicle platforms and related core development capabilities from Chinese automotive start-ups. Compared with the previous joint venture method adopted by global OEMs in the 1980s to enter China by exchanging their leading technologies for access to the Chinese market, this round of cooperation is called a “reverse joint venture”. This report analyzes the reasons for this phenomenon, and specifically explores the fundamental demands and next steps of the reverse joint venture from the perspectives of Volkswagen and Stellantis, respectively.
