A Billion-Dollar AgreementJeep’s parent company, Stellantis, and Chinese automaker Dongfeng signed a strategic cooperation agreement on May 15, 2026, to expand production capacity for brands like Peugeot and Jeep’s new energy vehicles (NEVs) in China. The partnership will start in 2027, according to a report by a Chinese news source, CLS.So what will Jeep do with the $1.18 billion investment? According to the agreement, Jeep-branded off-road vehicles will be produced at the Dongfeng Wuhan plant. These units will be slated for export to global markets. Alongside, Peugeot will join Jeep at the Dongfeng Wuhan plant, with production heading for local Chinese and international markets.On a separate note, Stellantis and Dongfeng also …
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Author: Earl Lee
