Stellantis teams with Dongfeng to build 4 EVs for China by 2027
Peugeot and Jeep pour $1.18B into Chinese EV tech to reclaim market share.
Stellantis, the French-Italian automotive group behind Peugeot and Jeep, announced a fresh joint investment of 8 billion yuan (US$1.18 billion) with longtime partner Dongfeng Motor to build four new electric vehicles (EVs) in China. The EVs will roll off production lines in 2027, using cutting-edge local EV technologies sourced from Dongfeng and the broader Chinese supply chain. Stellantis will contribute roughly US$130 million of the total, while Dongfeng covers the remainder. Some of the vehicles assembled at their joint venture will also be exported to overseas markets, according to Stellantis CEO Antonio Filosa.
The initiative marks the latest push by international automakers to reclaim lost ground in the world's largest car market, where EV adoption has exceeded 60%. Peugeot and Jeep have long been eclipsed by domestic rivals like BYD and Nio. By adopting Chinese EV tech—a model previously used by Hyundai Motor’s Ioniq line—Stellantis aims to produce globally competitive EVs while leveraging China’s advanced battery and manufacturing ecosystems. The four models are expected to target both the domestic market and export regions, giving Stellantis a dual advantage: cost efficiency and access to advanced platform technology.
- €1.18 billion ($1.18B) joint investment by Stellantis and Dongfeng Motor for four new EV models.
- Production to begin in 2027, leveraging Chinese EV technologies for superior performance and cost.
- Some vehicles will be exported globally, signaling Stellantis’s broader electrification strategy.
Why It Matters
International carmakers must adopt local Chinese EV tech to survive in the world's most competitive electric car market.