Stellantis N.V. and Dongfeng Group signed a non-binding Memorandum of Understanding: the two parties plan to have a further expansion of their 34-year partnership, with the intention to create a Europe-based joint venture for the sales, distribution, manufacturing, purchasing and engineering of Dongfeng?s new energy vehicles (?NEVs?), with an initial focus on designated markets in Europe. Under the contemplated plan, the partners intend to establish a new Europe-based, Stellantis-led 51/49 joint venture. The new entity would have responsibility for the sales and distribution of Dongfeng?s Voyah-branded premium NEVs in designated markets in Europe, leveraging Stellantis?
strong network and after-sales expertise. This new entity would also host joint purchasing and engineering activities, tapping into Dongfeng?s highly competitive Chinese NEV ecosystem. The partners also envisage the potential production of Dongfeng NEV at the Rennes plant in France, in line with European regulations and Made-in-Europe requirements.
Stellantis and Dongfeng Group recently announced the production of all-new Peugeot and Jeep models in China for the domestic market and export. Earlier this month, Stellantis and Dongfeng announced the strengthening of their longtime China-based Dongfeng Peugeot Citroën Automobile Co. Ltd. (?DPCA?) joint venture, that will produce all-new Peugeot and Jeep-branded NEVs at its Wuhan plant for China and for export to global markets, starting in 2027.
Since its inception, the DPCA joint venture has produced over 6,500,000 Peugeot and Citroën-branded vehicles in China for the domestic and overseas markets. The implementation of the project is subject to the execution of the relevant implementation agreements, including economic and operational principles, and the satisfaction of customary conditions and approvals.
