Changan Peugeot Citroen Will Introduce 2 Cars Next Year

On Sept. 28, Changan Peugeot Citroen Automobile Co., Ltd. plant (referred to CAPSA) finished and DS5 handing over ceremony are hold in Shenzhen.

Varin, president of Peugeot Citroen Group, told media at conference that Peugeot Citroen Group goal is increase sales percentage of China, Russia and South America which aims to 50% of group entire sales.

It is remarkable for new DS5 handing over. It is a beginning for CAPSA put effort in Chinese luxury auto segment. As the first product of CAPSA, DS5 take reputation build task and has critical meaning for CAPSA development in the future.

“We must do our best to build DS as a new milestone of luxury car, and to achieve our sales goal.” Varin said.

Yves Bonnefont, CAPSA president, discloses to media that CAPSA will introduce 1 new car every half year in the future after its first new product show.

CAPSA plant registered capital is 4 billion Yuan, first phrase investment 8.43 billion, and build two plant and one engine plant which has 200 thousand product capacities includes research center and logistics center. It is the highest level plant of Changan China and Peugeot Citroen Group French. It mainly produces commercial car, passenger car, new energy car and engines, which includes DS and joint venture brands.

Wang ZHAN, vice executive president of CAPSA, said that CAOSA will build its efficiency management and team to promote cohesive force in enterprise.