PSA Peugeot CitroŽn to establish a Joint
Venture project with Chinese Carmaker Hafei
PSA Peugeot CitroŽn and Chinese
carmaker Hafei today signed a memorandum of understanding to
start a feasibility study of a 50-50 joint venture creation.
The new venture will manufacture small
people movers (under 10 passengers) for the Chinese market. The
vehicles will be produced by Hafei's plant in Shenzhen.
The signing of the MOU demonstrates the
Group's commitment to speeding up its development in China, one
of its three international strategic growth regions.