Shenlong Technology established with 8.2 billion yuan for EV production

Shenlong Technology (Wuhan) Co., Ltd. has been officially established with a registered capital of approximately 8.2 billion yuan. The new entity is a joint venture involving six parties: Dongfeng Motor Group, Stellantis, Dongfeng Peugeot-Citroën Automobile, and three local industrial investment groups from Wuhan.

Under this new structure, the original Dongfeng Peugeot-Citroën Automobile will transition into an investor role primarily focused on manufacturing, while Shenlong Technology will serve as the main operating entity for new energy vehicle development and sales. The collaboration utilizes a model where Chinese technology is integrated with design and quality management from Stellantis.

The company plans to launch new Peugeot and Jeep models using pure electric and plug-in hybrid technologies. Production is scheduled to begin at the Wuhan factory in 2027, featuring Chinese-developed battery systems, smart cockpits, and advanced driving assistance technologies. The strategic goal is to drive the intelligent and electric transformation of the Peugeot and Citroën brands while expanding the production of Jeep vehicles.