Stellantis, Dongfeng sign $1.16 billion deal to build Peugeot, Jeep vehicles in China

"Stellantis Takes the Leap into China: €130 Million Investment to Drive Jeep and Peugeot Production. In a significant move to expand its presence in the Chinese market, Stellantis, the parent company of iconic brands Jeep and Peugeot, has announced a major investment of €130 million as part of a partnership with Chinese automaker Dongfeng. The deal will see the production of Jeep and Peugeot models in Wuhan, marking a major milestone in Stellantis' efforts to deepen its collaboration with Chinese automotive companies under the leadership of CEO Antonio Filosa. As the global automotive landscape continues to shift, this strategic move by Stellantis is likely to have significant implications for the company's future growth and market share in the world's largest automotive market."

Stellantis is investing €130 million as part of a deal with Dongfeng to build Jeep and Peugeot models in in Wuhan. Under CEO Antonio Filosa, Stellantis has been deepening collaboration with Chinese ...