Dongfeng Motor Group Company Limited (0489.HK)
- Reuters
Russian company starts Citroen production at former Stellantis factory
Russian company Automotive Technologies on Wednesday said it had started assembling Citroen C5 Aircross models in batches at a plant south of Moscow formerly owned by Stellantis, with the cars set to be sold in dealerships from May. Reuters exclusively reported in February, citing customs data and two people familiar with the matter, that Automotive Technologies had imported at least 42 car kits from China for assembling Citroen models at the plant. Manufactured in China, the kits were produced by China's Dongfeng Motor Group, the data showed.
- Reuters
UPDATE 2-Stellantis, Dongfeng to expand exports of China-made cars with asset transfer deal
China's Dongfeng Motor Group and Stellantis said on Thursday the automakers will expand their vehicle and component export business through an asset sale to capture the burgeoning China auto market better. Under the asset transfer deal, state-owned Dongfeng will buy land use-rights and buildings in Wuhan and Xiangyang from Dongfeng Peugeot Citroën Automobile (DPCA), its joint venture with Stellantis, for 1.71 billion yuan ($233.69 million).
- Reuters
Stellantis, Dongfeng to expand exports of China-made cars with asset transfer deal
Under the asset transfer deal, state-owned Dongfeng will buy land use-rights and buildings in Wuhan and Xiangyang from Dongfeng Peugeot Citroën Automobile (DPCA), its joint venture with Stellantis, for 1.71 billion yuan ($233.69 million). Meanwhile, Stellantis has agreed to continue producing Peugeot and Citroen cars with Dongfeng in the China plants and exporting Peugeot 4008 and Peugeot 5008 models to ASEAN countries, and Citroen C5X model to Europe.
