Stellantis' Maserati Reportedly in Talks with Huawei and JAC Motors Over Electric Vehicle Partnership

Stellantis (NYSE:STLA) could announce a partnership between its Maserati luxury car division, Huawei and Chinese automaker JAC Motors on December 10, according to Chinese media reports cited by Italian investment firm Equita. The proposed collaboration would focus on developing electric vehicles, with the first model potentially entering production in 2027.

The reported agreement has not been formally announced or signed. JAC Motors previously acknowledged discussions with Huawei and Stellantis but confirmed that no binding agreement had been reached.

The potential partnership is expected to feature in Maserati’s strategic presentation in Modena, where Chief Executive Santo Ficili is scheduled to outline the brand’s future plans.

Proposed Partnership Could Include Two Electric Models

According to Chinese business publication Yicai, the proposed project has been internally designated “Maserati Design”, with the exterior styling of the first vehicle reportedly approved.

Under the arrangement described in media reports, JAC Motors would be responsible for manufacturing, Huawei would supply software, electronic architecture and intelligent vehicle systems, while Maserati would contribute vehicle design and international brand positioning.

Cailian Press reported that the collaboration could involve two electric vehicles: a large grand touring model and a medium-to-large sport utility vehicle.

Both vehicles would reportedly be manufactured at the Maextro production facility in Hefei, China.

The proposed distribution arrangement would see the vehicles marketed under the Maextro brand in China and the Maserati brand in international markets.

These details remain unconfirmed by the companies involved.

December 10 Strategy Presentation Expected to Provide Further Details

Reports of a potential partnership first emerged in September, when Italian financial publication MF-Milano Finanza described ongoing negotiations.

On September 30, JAC Motors confirmed to the Shanghai Stock Exchange that it had been in contact with Huawei and Stellantis, while stating that no binding agreement had been signed.

The proposed collaboration could allow Maserati to share development expenditure associated with electric vehicle platforms, software and digital technologies.

However, the potential implications for Maserati’s existing Italian manufacturing operations remain unclear.

Further information about the future roles of the Modena and Cassino facilities could emerge during the company’s December 10 strategy presentation.

Maserati delivered fewer than 8,000 vehicles in 2025 and recorded an adjusted operating loss of €198 million, according to the figures cited in the report.

Equita Maintains Hold Rating and €5.70 Price Target

Equita said the latest reports were consistent with earlier indications of a possible partnership involving Maserati and the two Chinese companies.

The investment firm considers the proposed arrangement a potential means of accelerating Maserati’s product development plans but does not expect it to have a material effect on Stellantis’ consolidated financial results.

Equita maintained its hold recommendation on Stellantis shares and retained a price target of €5.70.

HSBC had previously reduced its price target for Stellantis from €4.00 to €3.30 on October 23, maintaining a cautious assessment of the automaker.

The average analyst price target cited in the report stood at €5.28, representing approximately 38% potential upside from the November 10 closing price.

Consensus estimates indicated earnings per share of €0.53 for 2026 and €0.95 for 2027.

Based on the valuation figures provided, Stellantis traded at approximately 4.9 times expected earnings and 0.19 times book value per share.

Stellantis Shares Decline 3.2% as Annual Loss Reaches 59.5%

Stellantis shares closed at €3.8305 on the Milan stock exchange on Tuesday, November 10, down 3.2% during the session.

Approximately 37.5 million shares changed hands.

The closing price represented a decline of 59.5% from €9.461 at the end of 2025, giving the automaker a market capitalisation of approximately €11.1 billion.

The shares reached a 52-week low of €3.5015 on October 23 before rising 15.4% on October 28 following the publication of third-quarter results.

Stellantis reported quarterly revenue of €37.6 billion, an increase of 1%, alongside a net loss of €453 million. The company also maintained its guidance for 2026.

From a technical perspective, the shares remained below their 50-day moving average of €4.14 and their 200-day moving average of €5.49.

The report identified the €4.28–€4.32 range as a potential resistance area, while the October low near €3.50 was cited as a reference support level.

Investors are expected to monitor Maserati’s December 10 presentation for confirmation of the proposed partnership and further details about the brand’s product and manufacturing strategy.

Stellantis stock price