As PSA Peugeot Citroé¾™n expands its global reach, plans to rely on the European domestic market, PSA Group is expected to build factories in Southeast Asia, mainly in Indonesia, Thailand and Malaysia.
When PSA CEO Carlos Tavares was interviewed in Chengdu, he expressed the hope to work with local manufacturers to build a factory to avoid "first comers' mistakes." The company intends to begin construction of the plant in 2018, but did not disclose potential partners.
Tang Weishi gave a speech at the opening of the Chengdu plant, indicating that the new plant in Hua will mainly produce SUVs and minivans. The plant will begin production of the Peugeot 4008 in November. After years of adjustments and other adjustments, the French government and Dongfeng Peugeot currently hold 14% of the shares of PSA Group.
Tang Weishi said that PSA Group will enter Iran and India and return to the US market within 10 years. PSA Group has reached an agreement with Malaysia and Vietnam in Southeast Asia to produce Peugeot.
The Dongfeng Peugeot Chengdu plant is the seventh plant of the PSA Group in China. At present, the cooperation results of Dongfeng Peugeot are not as good as expected. In the first half of the year, Dongfeng Peugeot sales fell by more than 19% to 297,000. In Europe, sales of the PSA Group increased by more than 60% year-on-year.
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