Dongfeng Peugeot Citroën Automobile (DPCA) Begins Construction of a Fourth Plant in China to Support its Sales Growth
16 Oktober 2014 - 9:21AM
Business Wire
Regulatory News:
DPCA laid the cornerstone for its fourth plant in Chengdu, China
today to support its sales growth in China.
Attending the ceremony alongside Carlos Tavares, Chairman of the
Managing Board of PSA Peugeot Citroën (Paris:UG), and Xu Ping,
Chairman of Dongfeng Motors, were Grégoire Olivier, Executive Vice
President Asia of PSA Peugeot Citroën, Liu Wei Dong, Deputy General
Manager of Dongfeng Motors, Jean Mouro, Executive Vice President of
DPCA, Qiu Xian Dong, General Manager of DPCA and representatives of
Sichuan province and the city of Chengdu.
With total capacity of 360,000 vehicles a year at full ramp-up,
DPCA’s fourth plant will build Dongfeng Citroën, Dongfeng Peugeot
and Dongfeng Fengshen-badged vehicles, primarily for the SUV and
MPV segments. The first car is scheduled to roll off the line in
late 2016.
DPCA’s current production base comprises three plants in Wuhan,
which are running on two shifts for total potential capacity of
750,000 units a year. With the fourth plant, production capacity
will be lifted to more than one million units a year in 2016. This
is a major step towards meeting the Back in the Race plan’s
objective of selling one million Peugeot and Citroën vehicles in
China in 2017.
Last 28 March, Dongfeng and PSA Peugeot Citroën signed a global
strategic partnership with the objective of selling 1.5 million
vehicles by 2020.
In the first nine months of 2014, DPCA sold 518,000 vehicles in
China, an increase of 30% in a market up 11%. DPCA’s full-year
objective is to sell more than 700,000 vehicles in China.
Commenting on the ceremony, Carlos Tavares declared:
“Construction of the Chengdu plant is a key step in PSA’s
development in China, which is the Group’s largest market. This
plant will allow DPCA to keep pace with its fantastic sales growth.
Our joint venture is expected to sell more than 700,000 vehicles in
2014.”
About PSA Peugeot CitroënWith its three world-renowned
brands, Peugeot, Citroën and DS, PSA Peugeot Citroën sold 2.8
million vehicles worldwide in 2013, of which 42% outside Europe.
The second largest carmaker in Europe, PSA Peugeot Citroën recorded
sales and revenue of €54 billion in 2013. The Group is the European
leader in low-carbon vehicles, with average emissions of 115.9
grams of CO2 per km in 2013. PSA Peugeot Citroën has sales
operations in 160 countries. It is also involved in financing
activities (Banque PSA Finance) and automotive equipment
(Faurecia).For more information, please visit
psa-peugeot-citroen.com.
Communications Division - 75 avenue de la
Grande-Armée - 75116 Paris, France+33 1 40 66 42 00 –
psa-peugeot-citroen.com – @PSA_news
PSA Peugeot Citroën
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