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3 clusters · 4 sources · 7 days · First seen · Last updated

Dongfeng and Stellantis launch 1-billion-euro joint venture

Overview

Dongfeng Motor Group and Stellantis have officially launched their joint venture in Wuhan, China, named Dongfeng Peugeot-Citroen Technology (also referred to as Shenlong Technology). The entity has a registered capital of approximately 8.2 billion yuan (about 1 billion euros) and involves six parties. The ownership structure includes Dongfeng Peugeot-Citroen Automobile at 24.13%, Wuhan Financial Holding Group and Wuhan Economic and Technological Development Zone Industrial Investment Group at 19.52% each, Stellantis and Dongfeng Motor Group at 13.53% each, and Changjiang Industrial Investment Group at 9.76%.

The venture focuses on the research, development, and brand management of a new generation of electrified models. While the new company manages these aspects, physical production will continue under the existing production joint venture. Starting in 2027, the Wuhan plant is scheduled to produce two Peugeot New Energy Vehicle (NEV) models, followed by two Jeep NEV off-road models intended for global distribution.

Beyond the Chinese market, the companies are discussing a separate joint venture—comprising 51% Stellantis and 49% Dongfeng—to import and sell high-end Voyah models in Europe. Additionally, preliminary discussions are underway regarding the potential production of Chinese models in Europe, specifically at the Rennes plant in France.

Entities

Stellantis · Wuhan · Dongfeng Peugeot-Citroën Automobile · Shenlong Technology (Wuhan) Co., Ltd. · Dongfeng Motor

Timeline

  1. about 23 hours ago

    [BUSINESS] 2 sources
    Stellantis and Dongfeng launch 1-billion-euro joint venture in China

    Stellantis and Dongfeng have launched a 1-billion-euro joint venture in China to develop electrified Peugeot and Jeep models for global markets starting in 2027.

  2. 5 days ago

    [BUSINESS] 2 sources
    Dongfeng Motor and Stellantis launch new automotive technology venture in Wuhan

    Dongfeng Motor and Stellantis have launched Dongfeng Stellantis Automobile (Wuhan) Co., Ltd., a joint venture focused on developing and selling four new energy vehicle models starting in 2027.

  3. 7 days ago

    [BUSINESS] 2 sources
    Shenlong Technology established with 8.2 billion yuan for EV production

    Shenlong Technology has been established with 8.2 billion yuan in capital by Dongfeng and Stellantis to lead the electric and intelligent transformation of Peugeot, Citroën, and Jeep brands in China.

Sources

basilicata24.it · cnmo.com · ithome.com · motorlife.it

This summary has been updated 1 time: see revision history