Peugeot, Jeep take on Chinese rivals with new models using local EV technologies
Stellantis, owner of Peugeot and Jeep, will invest 8 billion yuan with Dongfeng Motor to produce four new electric vehicles by 2027, leveraging local Chinese EV technologies, with some models targeting global markets. The move follows Hyundai’s Ioniq strategy to regain market share in China’s competitive EV sector.
Stellantis, the French-Italian automotive group behind Peugeot and Jeep, has partnered with Dongfeng Motor to develop four new electric vehicles set for production in 2027. The collaboration aims to integrate advanced Chinese EV technologies into globally trusted brands, addressing Stellantis’ declining market share in China. The joint investment totals 8 billion yuan (US$1.18 billion), with Stellantis contributing around US$130 million. The new models will be built at existing Stellantis-Dongfeng production facilities, with some intended for export to international markets. Stellantis CEO Antonio Filosa emphasized the partnership’s potential to deliver cutting-edge electric vehicles under trusted brands. This follows Hyundai’s Ioniq initiative, which similarly seeks to reclaim ground in China’s rapidly expanding EV market. The announcement underscores Stellantis’ strategy to compete with domestic Chinese automakers by adopting local innovations while maintaining its brand reputation. Analysts note that international automakers must adapt to China’s EV dominance to avoid further market losses. The project marks a significant step in Stellantis’ broader push to strengthen its presence in the world’s largest car market.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.