Stellantis and longtime Chinese partner Dongfeng Motor Group have signed an approximately $1.16 billion agreement to produce Peugeot- and Jeep-branded vehicles in China for both domestic sales and export markets. <\/p>\n
Under the agreement, the companies will manufacture two new Peugeot energy vehicles and two Jeep-branded off-road energy vehicles at their Wuhan production facility starting in 2027, News.Az<\/a> reports, citing Reuters<\/a>.<\/p>\n Stellantis said it plans to contribute around 130 million euros to the project as part of its renewed expansion strategy in China, the world\u2019s largest automotive market.<\/p>\n The deal follows earlier announcements from the French-Italian automaker that Peugeot would begin producing China-built models using Dongfeng technology. The partnership signals a broader effort by Stellantis to rebuild its presence in China<\/a> after years of declining sales and restructuring efforts.<\/p>\n The companies also signed a memorandum of understanding aimed at strengthening long-term cooperation beyond the current production agreement.<\/p>\n Peugeot recently showcased new concept vehicles at the Beijing International Auto Show, highlighting the company\u2019s renewed focus on electric and energy-efficient vehicles for the Chinese market.<\/p>\n