Today 09/29/2016 - 05:38:00 PM
Peugeot SA 13.445€
CAC 40 4,443.84 PTS
To support the strong growth in its unit sales, DPCA signed on 2nd July an agreement with the city of Chengdu for the construction of its fourth production facility in China. Work will get underway in the second half of the year, with the first car scheduled to roll off the new assembly lines in late 2016.
With total capacity eventually reaching 300,000 vehicles a year, DPCA's fourth plant will build Dongfeng Citroën and Dongfeng Peugeot and Fengshen- badged SUVs and MPVs.
DPCA's current production base comprises three plants in Wuhan, which are running on two shifts for a total potential capacity of 750,000 units a year. With the fourth plant, production capacity will be lifted to one million units a year in 2016.
The company's full-year objective for 2014 is to sell more than 650,000 vehicles in China.
Last 28 March, Dongfeng and PSA Peugeot Citroën signed a global strategic partnership with the objective of selling 1.5 million vehicles by 2020.