Dongfeng Motor Group in Talks with Italian Government About Building Auto Plant

Talks between the two entities are in advanced stages and could lead to construction of a plant with capacity to produce over 100,000 vehicles per year.

Dongfeng is a partner of Fiat maker Stellantis and is considering the plant as a way to increase its presence in the European market.

The talks are at an advanced stage, according to sources familiar with the matter, and could lead to the construction of a plant with capacity to produce more than 100,000 vehicles annually. Dongfeng is a partner of Fiat maker Stellantis and is considering the plant as a way to increase its presence in the European market.

If the deal goes through, it would be a major boost for the Italian government, which is keen to attract investment in the country's automotive industry. Fiat Chrysler Automobiles and other companies have recently announced plans to cut production in Italy due to the global economic downturn.

The construction of a new auto plant would also create jobs and boost the local economy. The plant is expected to be located in Southern Italy, where unemployment is high.

Dongfeng is the latest Chinese automaker to express interest in investing in Italy. Great Wall Motor recently announced plans to build a plant in the country, and SAIC Motor is also said to be considering investing.

The Chinese automakers are attracted to Italy's skilled workforce, its strong automotive supply chain, and its proximity to major European markets. The Italian government is also offering incentives to attract investment from the Chinese automakers.

If the talks between Dongfeng and the Italian government are successful, it could lead to the creation of a major new auto plant in Italy and could help to boost the country's automotive industry.