Stellantis, Dongfeng Ink $1.17 Billion Deal to Make Peugeot, Jeep EVs in China
By Jiahui Huang
Stellantis is partnering Dongfeng Group to produce electric vehicles under its Peugeot and Jeep brands in China, the latest move by the European automaker to leverage its Chinese partner's experience in EVs.
The companies said that Stellantis and Dongfeng will produce two all-new Peugeot EVs starting from 2027 at its joint venture factory in Wuhan, China. The companies also plan to produce two Jeep EVs.
The combined investment is worth around 1 billion euros, equivalent to $1.17 billion, with Stellantis contributing around 130 million euros toward the project.
The move came as Stellantis pushes for deeper partnerships with Chinese automakers. Last week, Stellantis announced plans to produce two models in Spain with Chinese automaker Leapmotor.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
May 15, 2026 01:33 ET (05:33 GMT)
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