Stellantis and Dongfeng Sign 1.16 Billion Dollar China Deal
Stellantis and Dongfeng have finalized a 1.1 billion euro agreement to manufacture Peugeot and Jeep energy vehicles at their Wuhan facility starting in 2027. The project focuses on domestic and export markets as the automaker seeks to revitalize its industrial presence in the world's largest car market.
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Stellantis and Dongfeng signed an approximately 1 billion euro ($1.16 billion) deal to produce Peugeot and Jeep vehicles in China. The agreement marks a major industrial push in the region following years of weak sales. The project aims to leverage local technology for both domestic and export markets.
