Overview
- The companies signed a non‑binding memorandum to expand their Dongfeng Peugeot Citroën joint venture to build four “new energy” models, two Peugeot cars and two off‑road Jeep models intended for global markets.
- Stellantis reported the programme at about €1 billion in total investment with the company contributing roughly €130 million, and the announcement framed the work as part of a partner‑led cost strategy.
- The plan targets production in China starting in 2027 for the new vehicles, which could be exported to APAC, Europe, Australia and other markets, according to the companies and regional dealer statements.
- Jeep Australia said it expects to source some future models from Stellantis’ Chinese and Indian partners, signaling a shift in where certain Jeep models for the region will be built.
- Major details remain unresolved including final contracts, exact ownership stakes, platform and architecture choices, factory allocations and regulatory approvals, so the memorandum does not yet guarantee the programme will proceed as described.