Peugeot Citroen and Dongfeng Motor said they signed an agreement on Wednesday to create a common platform to build electric cars for the Peugeot, Citroen, DS and Dongfeng brands from 2019. PSA added in a statement that Dongfeng Peugeot Citroen Automobile (DPCA) planned to generate revenue of more than RMB 100 billion yuan ($15.4 billion) by 2020, as well as “profitable, sustainable growth”. Building on their two-year-old partnership, the carmakers plan to design an electric…
Peugeot, Dongfeng to develop electric cars
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