(Il Sole 24 Ore Radiocor) - Milano, 15 mag - Franco-Italian automotive company Stellantis said it signed a strategic cooperation with China's Dongfeng to expand their partnership and jointly produce Peugeot and Jeep vehicles in China for the Chinese market and for sales worldwide, in an over 8 billion yuan (1 billion euro) investment project.

Stellantis and Dongfeng Group also signed a non-binding strategic MoU to further strengthen their cooperation by leveraging the two parties' scale, expertise, and R&D capabilities in the industry.

The project corresponds to a combined investment of over 8 billion Chinese Yuan or approximately 1 billion euros, of which Stellantis is expected to contribute approximately 130 million euros.

The deal is subject to required approvals and finalization of the relevant implementation agreements.

Under the terms of the deal, the Dongfeng Peugeot Citroen Automobile (DPCA) 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 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.

(RADIOCOR) 15-05-26 07:59:13 (0081) 5 NNNN