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PSA Peugeot-Citroën already sells its wares in China and has a joint-venture with Dongfeng, but has now added another joint venture partner in a €395 million ($499M U.S.) 50-50 tie-up with Chang'an Automobile Group. The union will eventually have cars like the Citroën DS3 and the company's engines and light trucks built in the country, using two current Chang'an factories, renovating one more and building another.

The difference in the two joint ventures is that Dongfeng makes and markets cars under the Peugeot and Citroën brands. Peugeot-Citroën and Chang'an, however, are creating a third brand together. What kind of vehicles that third brand will sell hasn't been disclosed. With Dongfeng and Chang'an, Peugeot-Citroën will have 650,000-vehicle production capacity in China, but Peugeot is considering raising it's 450,000-unit capacity with Dongfeng. The French company sold 176,000 cars in China through June, a 49% jump over last year.

[Source: Wall Street Journal]


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  • 5 Comments
      • 5 Years Ago
      The AMC Pacer enters the 21st Century! (and looks great!)
        • 5 Years Ago
        I don't really see what the AMC Pacer has to do with this. Renault and Peugeot both made this kind of car *prior* to the Pacer.

        Oh, and this is a Peugeot, AMC worked with Renault. A different French company.
      • 5 Years Ago
      Headlines aside... Unlike all of the look-a-likes in this segment, this is a nice looking micro-car.
      • 5 Years Ago
      Very witty headline, Autoblog, incorporating past Chinese political figure....wonder how many readers got it?
      • 5 Years Ago
      This is a very nice looking car. I would buy one.