Stellantis said Friday that it has reached a deal worth about one billion euros with the Dongfeng Group for a joint venture to build Peugeot and Jeep vehicles in China.
    The Italian-French-American carmaker said it would contribute around 130 million euros of that money.
    It said the cars produced in China would be for both the Chinese market and for sales worldwide.
    It said the joint venture would produce two all-new Peugeot-brand energy vehicles and two Jeep-branded off-road new energy vehicles at Dongfeng's Wuhan factory from 2027.
    "With a track record of more than 30 years of collaboration and shared automotive expertise, Stellantis and Dongfeng are ready to further leverage their strengths and introduce all-new vehicles with cutting-edge EV technologies from brands that customers worldwide trust and love," said Stellantis CEO Antonio Filosa.
    "We look forward to this project and to collaborate even more in the future."
   

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