Stellantis says it will stick to 'asset-light' strategy in China in bid to navigate tariff turmoil

Open this photo in gallery: The Stellantis logo on a building in Chartres-de-Bretagne, France, on March 11. Stellantis said Thursday that it will stick to its ‘asset light’ strategy on China one day after the EU announced it would impose extra duties on imported Chinese electric vehicles.Stephane Mahe/Reuters Stellantis STLA-N will stick to its "asset light" strategy on China, mainly focused on exporting to the country rather than manufacturing there, CEO Carlos Tavares told investors on Thursday. Stellantis' investor day came a day after the European Union, one of the Franco-Italian carmaker's largest markets, said it would impose extra duties…