Beijing (ZXZC)- On August 14, global auto group Stellantis announced key leadership adjustments for China business. Pan Liyin has been named general manager of Stellantis (Shanghai) Automotive Co., Ltd., and acting general manager of Alfa Romeo China. Zeng Dihao takes on the role of deputy general manager of Stellantis (Shanghai) Automotive Co., Ltd., and general manager of Jeep China.

Photo credit: Stellantis

Stellantis (Shanghai) Automotive Co., Ltd. serves as the primary business entity for Stellantis in the Chinese market, overseeing operations for the Jeep, Alfa Romeo, DS, and Mopar brands.

Douglas Ostermann, Chief Operating Officer for China, and a member of Stellantis’ Top Executive Team China, stated: "Stellantis will continue its asset-light business model in China. I believe the management adjustments for Stellantis (Shanghai) Automotive Co., Ltd., Alfa Romeo China, and Jeep® China will offer Chinese consumers enhanced imported vehicle products and after-sales services."

In addition to Stellantis (Shanghai) Automotive Co., Ltd., the company's presence in China includes partnerships with Dongfeng Motor and investments in Leapmotor. Despite strong global performance, Stellantis faces challenges in China, with declining sales impacting profitability.

According to Stellantis' financial reports, the group's net revenue for the first half of 2024 was €85 billion, a 14% decrease compared to the first half of 2023. Its operating profit in China, India, and Asia Pacific fell by €237 million, indicating an 80% drop from the previous year.