ROME, May 18 (Xinhua Silk Road) -- European automaker Stellantis has signed a strategic cooperation agreement with Chinese automaker Dongfeng to expand their 34-year partnership through shared production of Peugeot and Jeep vehicles in China for the Chinese market and for sales worldwide, Stellantis said in an announcement on May 15.
Under the strategic cooperation agreement and subject to required approvals and finalization of relevant implementation agreements, the Dongfeng Peugeot Citroën Automobile Co., Ltd (DPCA) joint venture is expected to produce at its Wuhan plant initially two all-new Peugeot-branded new energy vehicles (NEVs) from 2027.
These will be based on the latest design language of the all-new concept cars unveiled by Peugeot at the 2026 Beijing Auto Show. These products are intended for China and the export to global markets as part of Peugeot's international growth plan.
The plan also includes the production at DPCA's Wuhan plant of initially two Jeep-branded off-road new energy vehicles for global markets, starting in 2027.
Powered by favorable automotive industrial policies of Hubei Province and Wuhan City, the project corresponds to a combined investment of over 8 billion yuan (approximately 1 billion euros), of which Stellantis is expected to contribute approximately 130 million euros.
Antonio Filosa, chief executive officer of Stellantis, said the partnership would help both sides leverage their strengths and introduce NEVs equipped with advanced technologies.
Yang Qing, chairman of Dongfeng, described the revitalization of DPCA as a "strategic priority" and said the cooperation would inject strong momentum into the transformation of the joint venture.
(Contributed by Gao Jingyan, edited by Duan Jing, duanjing@xinhua.org)
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