Peugeot
The Peugeot iOn model.

Peugeot and Dongfeng Partner to Develop Electric Cars

May 11, 2016
The two companies will set up an electric version of a common platform for producing cars for Peugeot, Citroen, DS and Dongfeng.

French carmaker PSA Peugeot Citroen (IW 1000/58) and its Chinese partner Dongfeng Motors said on May 11 that they had agreed to jointly develop electric cars from 2019.

The two companies will set up an electric version of a common platform for producing cars for Peugeot, Citroen, DS and Dongfeng, PSA said.

They said the plan aimed at revenues of more than 100 billion yuan (US$15.4 billion) by 2020.

PSA and Dongfeng also signed an agreement on human resources "designed to increase synergies to develop talent internationally," according to the statement.

Carlos Tavares, PSA chairman, said: "The future e-CMP platform is a key milestone in our partnership with Dongfeng.

"It will speed up the worldwide development of both of our groups, while helping us to reach the strict carbon objective set for 2020."

Dongfeng Peugeot Citroen Automobile (DPCA) sold 710,000 vehicles in China last year.

Dongfeng Motors, like the French state, holds a stake of about 14% stake in PSA and is China's second-biggest carmaker.

Copyright Agence France-Presse, 2016

Popular Sponsored Recommendations

Customer-centric Discovery Experiences Reduce Sales and Content Management Costs by 15%

Sept. 11, 2023
In this article, research and analysis is provided on the results of developing product discovery experiences in the B2B sales process. In addition, it provides details on how...

Beware Extreme Software

Sept. 24, 2023
As a manufacturer, you understand the importance of staying ahead of the curve and being proactive in your approach to technology. With the rapid pace of change in the industry...

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!