Overview
- Stellantis and state-owned Dongfeng signed a strategic cooperation agreement Friday, alongside a non-binding memo that targets deeper R&D ties.
- Production will run through their DPCA venture in Wuhan starting in 2027 with two new Peugeot electric models and two Jeep off-road electric models for China and export.
- The project totals more than CN¥8 billion in planned spending, with Stellantis contributing about €130 million and local support from Hubei province and Wuhan city.
- The plan remains conditional on final implementation agreements and regulatory approvals, with the next update expected at an investor day on May 21.
- The agreement aligns with Stellantis’ broader China strategy that includes Leapmotor deals to use Chinese technology for lower-cost EVs and to better use idle European factory space.