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Dongfeng and Peugeot Citroen in $ 200 Million JV Targeting Southeast Asia
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  • //english.dbw.cn  2015-04-20 14:07:00
     

    Logo of Peugeot Citroen. [Photo: agencies]

    Chinese vehicle maker Dongfeng and French partner Peugeot Citroen have announced plans for the development of new vehicle models meant to target the Southeast Asian market.

    The two companies have announced plans to spend over 215-million US dollars to create 10 new vehicle models between 2018 and 2020.

    Dongfeng and Peugeot hope to sell around 10-million new vehicles a year in Southeast Asia as part of the program.

    The two are also planning to create a new research and development center.

    Dongfeng and Peugeot's base is located in the city of Wuhan in Hubei.

     

     

    Author:    Source:CRI    Editor:Yang Fan

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