Constellium Divests Stake in China Automotive JV

Constellium SE announced the sale of its ownership stake in its automotive structures joint venture in Changchun, China. The stake, held with a partner, was sold to a Chinese automotive holding company. The Changchun facility, which employs around 200 people, produces aluminum crash management systems and other structural components for the Chinese automotive market. Constellium stated that this divestment aligns with its Vision 2028 strategy, aiming to optimize its footprint and enhance overall competitiveness by focusing resources where they can best serve customers and create long-term value. The specific terms of the transaction were not disclosed.