Stellantis, Dongfeng expand partnership in China

Stellantis (STLA) and Dongfeng Group announced the signing of a strategic cooperation agreement 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 and Dongfeng Group also signed a non-binding strategic MoU to further strengthen their cooperation. Under the strategic cooperation agreement, and subject to required approvals and finalization of the relevant implementation agreements, the Dongfeng Peugeot Citroen Automobile joint venture is expected to produce at its Wuhan plant initially two all-new Peugeot-branded new energy vehicles, 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. The implementation of the project is subject to the execution of the relevant implementation agreements, including economic and operational principles, and the satisfaction of customary conditions and approvals.