Dongfeng-Peugeot-Citroën builds third plant in China
Published on May 24, 2011 by Tycho de Feijter
Dongfeng Peugeot Citroen Automobile Company Ltd started building its third assembly plant in China on Wednesday in central Hubei province in a bid to meet rising demand in the world’s largest auto market.
The plant will be fully operational in 2015 with an annual production capacity of 300,000 units, said Qiu Xiandong, a deputy general manager of the fifty-fifty joint venture between major Chinese carmaker Dongfeng Motor Corp and French carmaker PSA Peugeot Citroen.
The project’s first-phase, with an annual capacity of 150,000 units, is expected to begin operating in September 2013, Qiu said. Its two existing plants have a combined annual capacity of 450,000 units.
The new plant in Wuhan, capital of Hubei, will mainly launch energy-saving and new energy vehicles at the same pace as PSA Peugeot Citroen’s European plants, Qiu said.
Last year, Dongfeng Peugeot Citroen set a target of having a market share of five percent with annual sales of 750,000 units. Last year, its sales exceeded 370,000 units, sharply higher than the 270,000 units in 2009.