On the 8th, it was learned that the cooperation between PSA Peugeot Citroen Group (PSA) and China Dongfeng Group entered a new stage: PSA Group China and Southeast Asia Operation Headquarters officially settled in Wuhan on the 8th. The two sides said that they will cooperate in the fields of driverless cars and car-sharing economy in the future.
In 2014, Dongfeng Group became a shareholder of PSA with a stake of 800 million euros. The cooperation between the two sides has also risen from the Chinese market to a global strategic perspective. At the time, the agreement between the two parties had three major points: the joint venture company's sales target for the year of 2020 was 1.5 million; the establishment of a research and development center in China; and the establishment of an overseas sales company responsible for the Asian market outside China.
The industry believes that the deepening cooperation between PSA and Dongfeng will certainly help to implement the major points of the cooperation agreement and help achieve mutual benefit and win-win results. Unmanned driving is one of the future indicators of global automotive development.
PSA has the top three brands of Peugeot, Citroen and DS, and is the second largest automaker in Europe after Volkswagen. At present, PSA has two companies in China, namely Peugeot Citroen (Shanghai) Management Co., Ltd. and Peugeot Citroen (China) Automobile Trading Co., Ltd.

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