Stellantis and Dongfeng Invest €1 Billion in China EV Production
Stellantis and Dongfeng Motor Group have agreed to invest approximately €1 billion in their joint venture, DPCA, to manufacture electric vehicles in Wuhan, China. Starting in 2027, the facility will produce two Peugeot and two Jeep EV models for both domestic sales and global export. This strategic move aims to leverage local Chinese EV technology to regain market share against domestic rivals. The deal highlights Stellantis’s commitment to expanding its footprint in China through deepened partnerships and localized production capabilities.
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Europe Built Walls Against Chinese EVs. Stellantis Built a Door.
Stellantis, the Dutch automaker owning brands like Jeep and Peugeot, has formed a joint venture with China's state-owned Dongfeng to manufacture Dongfeng's premium Voyah electric and hybrid vehicles at Stellantis' underutilized Rennes plant in France. Stellantis holds a 51% controlling stake, while Dongfeng gets access to Stellantis' dealer network and will produce Jeep and Peugeot models in China. The deal allows Voyah to bypass EU tariffs of up to 35% on Chinese EVs by building locally. This is Stellantis' second such partnership, following a similar deal with Leapmotor. The arrangement solves Stellantis' factory utilization problem and provides revenue, while giving Chinese EV makers a tariff-free entry into Europe.
Yahoo FinanceStellantis and Dongfeng Expand Partnership for New EV Production in China
Stellantis has announced an expansion of its long-standing partnership with Chinese state-owned automaker Dongfeng, focusing on the production of new New Energy Vehicles (NEVs) in China. Contrary to earlier speculation about Dongfeng producing vehicles in Europe, the agreement centers on manufacturing new Peugeot and Jeep models at Dongfeng’s facilities. The joint venture, Dongfeng Peugeot Citroën Automobile (DPCA), will begin producing two new Peugeot NEVs at its Wuhan plant starting in 2027, based on concept cars unveiled at Auto China 2026. Additionally, two new Jeep off-road NEVs will be produced for global distribution. The Wuhan plant will undergo a full conversion to an NEV production site, supported by an investment of approximately one billion euros, with Stellantis contributing 130 million euros. Executives from both companies emphasized the integration of cutting-edge electric vehicle technologies and the strategic importance of this collaboration for revitalizing DPCA and supporting global growth. This move highlights Stellantis's strategy to leverage Chinese manufacturing capabilities and technology for its international brands.
electrive.comStellantis Expands China Footprint with Dongfeng and Leapmotor Deals
Stellantis is significantly expanding its presence in China, diverging from the cautious strategies of rivals Ford and General Motors. The automaker has signed a strategic cooperation agreement with state-owned Dongfeng Group to manufacture Peugeot and Jeep electric vehicles at a Wuhan factory, with production slated for 2027. This initiative involves an investment exceeding eight billion yuan, targeting both domestic Chinese buyers and global export markets. Additionally, Stellantis is deepening its ties with Chinese EV maker Leapmotor, having previously acquired a 21% stake and established a joint venture for international sales. These moves reflect Stellantis's commitment to leveraging local partnerships for EV technology and manufacturing scale amidst global industry shifts, tariff pressures, and changing consumer demands. CEO Antonio Filosa described the expansion as a logical extension of decades-long collaboration, aiming to introduce new vehicles with cutting-edge EV technologies to worldwide customers.
Yahoo FinanceJeep and Peugeot to Manufacture Four New Models in China for Global Market by 2027
Stellantis and Chinese automaker Dongfeng have signed a strategic cooperation agreement to expand their long-standing partnership through the joint production of vehicles in China. Under this deal, their joint venture, Dongfeng Peugeot Citroën Automobile (DPCA), will manufacture four new models at its Wuhan plant starting in 2027. The production plan includes two all-new Peugeot electric vehicles, based on concepts unveiled at the 2026 Beijing Auto Show, and two new Jeep off-road vehicles. These models are intended for both the Chinese domestic market and export to global markets, supporting Peugeot's international growth strategy. The project represents a combined investment of 1 billion euros, with Stellantis contributing approximately 130 million euros. Executives from both companies highlighted the synergy between Stellantis's global reach and Dongfeng's expertise in intelligent electric vehicle technologies. The agreement aims to leverage favorable industrial policies in Hubei province and Wuhan. While a non-binding memorandum of understanding was also signed to further strengthen R&D cooperation, the execution of this specific production plan remains subject to final approvals and the completion of implementation agreements.
Clarin.com - Home - Lo últimoPeugeot and Jeep Invest in Local EV Tech to Challenge Chinese Rivals
Stellantis, the French-Italian automotive group owning Peugeot and Jeep, has announced a strategic investment partnership with Dongfeng Motor to develop and manufacture new electric vehicles (EVs) specifically for the Chinese market. Facing intense competition from domestic brands in the world's largest auto market, where EV adoption exceeds 60%, Stellantis aims to regain market share by leveraging local Chinese EV technologies. The companies plan to launch four new EV models under the Peugeot and Jeep brands by 2027, with a combined investment budget of 8 billion yuan (approximately US$1.18 billion). Stellantis will contribute around US$130 million to this initiative. CEO Antonio Filosa emphasized the collaboration's goal to combine trusted global brands with cutting-edge local technology. Some of these vehicles will also be exported to overseas markets. This move mirrors strategies by other international automakers like Hyundai, seeking to recover lost ground in China by integrating local supply chains and technological advancements rather than relying solely on imported platforms.
News - South China Morning PostStellantis and Dongfeng Agree on €1 Billion China EV Production Venture
Stellantis and China's Dongfeng Group have signed an agreement to expand their joint venture, Dongfeng Peugeot Citroën Automobile (DPCA), with a focus on electric vehicle production in China. The project involves an total investment exceeding 8 billion yuan (approximately $1.17 billion), with Stellantis contributing around €130 million. Scheduled to begin production in 2027, the initiative will see the Wuhan facility manufacture two new Peugeot-branded new energy vehicles for domestic and export markets, alongside two Jeep-branded off-road EVs intended for global distribution. This development builds upon a 34-year partnership between the two automakers and aligns with regional industrial policies in Hubei province. Additionally, the companies entered a non-binding memorandum of understanding to broaden collaboration in manufacturing and R&D. The deal underscores Stellantis's strategy to leverage local expertise and production capacity in China while supporting its international expansion. The implementation remains subject to regulatory clearances and final agreements. This move occurs amidst broader industry shifts, including separate talks between Stellantis and BYD regarding European production capacity.
Yahoo FinanceStellantis and Dongfeng Commit €1 Billion to Build Peugeot and Jeep EVs in China
Stellantis and Dongfeng Motor Group have announced a strategic agreement to invest approximately €1 billion (8 billion yuan) in their joint venture, Dongfeng Peugeot Citroën Automobile Co. (DPCA), to manufacture electric vehicles in Wuhan, China. Scheduled to begin production in 2027, the initiative will introduce two new Peugeot-branded新能源 vehicles and two Jeep-branded off-road electric models. These vehicles are designed for both the Chinese domestic market and international export, drawing inspiration from concepts showcased at the 2026 Beijing Auto Show. Stellantis will contribute around €130 million to the project. Beyond manufacturing, the partners signed a non-binding memorandum of understanding to expand cooperation through shared R&D and operational scaling. The project aligns with local government policies in Hubei province and Wuhan, aiming to leverage over three decades of collaboration between the two automakers. Executives from both companies highlighted the deal as a transformative step for DPCA, combining complementary strengths to deliver cutting-edge EV technology. The agreement remains subject to final regulatory approvals and formal contract completion.
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