Stellantis and Dongfeng are investing €1 billion ($1.16B).
The money will go toward building two Jeep and two Peugeot models in China from 2027.
Featuring electrified powertrains, the four cars will be assembled in Wuhan.
If you can’t beat them, join them; that about sums up the state of the automotive industry in 2026. China has become a force to be reckoned with, and long-established automakers have certainly taken notice of their rivals’ meteoric rise. Stellantis may have 14 brands under its massive corporate umbrella, but it’s relying on Dongfeng to build at least four new models for both local consumption and export markets.
Stellantis has inked a new deal with Dongfeng to invest a combined eight billion Chinese Yuan (€1 billion or $1.16 billion at current exchange rates). Dongfeng will shoulder the lion’s share of the investment, while Stellantis is contributing only about €130 million ($151 million). The funding will help bring several Jeep and Peugeot models to market. Each brand will initially receive two vehicles, starting in 2027.
