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Stellantis, Dongfeng Sign $1.16 Billion Deal to Build Peugeot, Jeep Vehicles in China
The automaker will invest more than 8 billion yuan with Dongfeng to revive Jeep production and expand Peugeot output for China and export markets.
- On Friday, Stellantis and Dongfeng Group announced an agreement to produce two Jeep and two Peugeot new-energy vehicle models in Wuhan, China, with production scheduled to begin by 2027.
- Chief Executive Officer Antonio Filosa and Chairman John Elkann are leading this partnership as part of a broad restructuring effort to restore growth and rebuild Stellantis's position in the electric vehicle market.
- The project represents a total investment of more than 8 billion yuan, with Stellantis contributing $151 million, leveraging over 30 years of shared automotive expertise between the partners.
- Expanding beyond the Dongfeng venture, Stellantis recently announced joint manufacturing in Europe with Chinese partner Leapmotor to improve competitiveness in the electric vehicle sector while lowering production costs.
- Filosa and Elkann will outline a comprehensive turnaround plan at the company's investor day later this month, addressing previous challenges including the 2022 termination of a Jeep joint venture with GAC.
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They will produce Peugeot and Jeep cars in Wuhan
·Italy
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DECRYPTAGE - The manufacturer strengthens its partnership with Dongfeng, the historical ally of French, to manufacture Peugeot and Jeep in China.
·Paris, France
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Stellantis and Dongfeng want to export electrified cars to international markets.
·Berlin, Germany
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Automaker Stellantis, owner of brands such as Opel, Peugeot, Jeep, and Fiat, is further expanding its partnership with the Chinese company Dongfeng. Under the deal, starting in 2027, two new Jeep models and two new Peugeot models will be produced at Dongfeng's factory in Wuhan. The models are intended for the Chinese and international markets.
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Total News Sources47
Leaning Left1Leaning Right7Center6Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
C 43%
R 50%
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