PSA will be able to collaborate with Dongfeng in any regions
PSA will be able to collaborate with Dongfeng in any regions.
According to one of the largest Chinese auto manufacturer Dongfeng Motor Group, it is able to collaborate with its main partner the PSA/Peugeot Citroen on any different regions and areas like Russia or Brazil.
The official representative of the Dongfeng Company said that the starting cooperation between the Chinese and French carmakers in the Asia-Pacific region was the first step of their join cooperation in the future.
In its turn, the PSA Company hopes that new business areas such as Brazil and Russia will help the French auto manufacturer to find and improve its financial situation.
As you know both PSA and Dongfeng automakers are the long-established joint venture in China. Both companies have a plan developing a new model to extend a bigger part of the Chinese auto market. According to forecasts, the China as the largest auto market will increase much more by 2020. Due to it, the joint venture plans to grow selling up to 1.5 million cars per year in China by the same data.
They are also going to increase export to other Asian countries, especially in the Southeast Asia region.
Owing to manufacturing plants abroad, the Chinese auto manufacturers ramped up the foreign expansion.
Last week, the representatives of Dongfeng and PSA and even the French government made a deal of 14 per cent of PSA stakes of over 4 billion dollars as well.
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