Gasgoo Munich- Dongfeng Stellantis Automotive Technology (Wuhan) Co., Ltd. was officially inaugurated on August 20 in the Wuhan Economic and Technological Development Zone, according to Dongfeng Motor. The venture is backed by six investors—Dongfeng Motor, Stellantis, Changjiang Industry Group, Wuhan Financial Holdings (Group), Wuhan Economic and Technological Development Zone Industrial Investment Group, and Dongfeng Peugeot Citroen Automobile Company Ltd. (DPCA) —with a registered capital of roughly 8.2 billion yuan.
Image source: Dongfeng Motor
In terms of equity structure, DPCA holds roughly 24.1%, while Dongfeng Motor and Stellantis each take a 13.5% stake.
The new company's scope covers vehicle R&D, industrial investment, and new-energy vehicle sales. Its initial roadmap includes four new models featuring both pure electric and plug-in hybrid powertrains. Designed for scenarios ranging from rugged off-roading to urban commuting and family travel, these vehicles are set to roll out starting in 2027.
Since its inception 34 years ago, DPCA has sold more than 6.5 million Peugeot and Citroën vehicles. It stands as both a witness to the growth of Wuhan's automotive sector and a key pillar of economic cooperation between China and France.
Breaking the traditional framework, this new joint venture model creates a synergy of "central state-owned enterprises, multinational giants, and industrial capital." Dongfeng Motor will spearhead core new-energy and intelligent connectivity technologies, Stellantis will contribute brand heritage and a global distribution network, and local industrial capital will leverage regional supply chain strengths. Together, the parties aim to advance a strategy of R&D in Wuhan, manufacturing in Hubei, and a global sales network.
Dongfeng Motor Chairman Yang Qing said the new company will leverage Dongfeng's proprietary technology, Stellantis's global resources, and regional supply chain advantages to drive a transformative leap. Stellantis Group CEO Antonio Filosa noted that Shenhong Technology will serve as a dedicated platform to support the development and global sales of new Jeep and Peugeot models. Liu Ziqing, a member of the Standing Committee of the Wuhan Municipal Party Committee, added that the establishment of Shenhong Technology will help consolidate Wuhan's status as a national automotive hub and explore new pathways for the transformation of joint-venture automakers.
