On May 15, Stellantis announced a new round of strategic cooperation agreements with Dongfeng Group, marking the transition of their 34-year partnership into the new energy vehicle era. Under the agreement, the two companies will leverage the Dongfeng Peugeot Citroën Automobile (DPCA) plant in Wuhan to begin production of multiple new energy vehicles from 2027 onward, including two all-new Jeep-branded electric off-road models. Jeep Avenger EV The move also marks the first time Jeep has clearly confirmed plans to manufacture new energy vehicles in China for global markets. According to currently disclosed information, the Wuhan facility will not only produce two new Peugeot electric models, but will also manufacture Jeep-branded EVs for both the Chinese market and overseas exports. The upcoming Peugeot models will adopt the latest design language first previewed by concept vehicles shown at the 2026 Beijing Auto Show, while Jeep will continue emphasizing its off-road positioning. Peugeot models shown at the 2026 Beijing Auto Show The total investment for the project exceeds RMB 8 billion ($1.18 billion). Stellantis plans to contribute approximately €130 million ($149 million). The project still requires regulatory approvals and formal implementation agreements before moving forward. Notably, this is not the first recent adjustment to Stellantis’ global electrification strategy. Just last Friday, Stellantis announced an expanded partnership with Leapmotor in Europe. Under the arrangement, Fiat and Peugeot plants in Spain will produce electric vehicles for Leapmotor. Days earlier, BYD Executive Vice President Stella Li also publicly stated that BYD was in discussions with European automakers including Stellantis regarding the potential use of idle European factories for localized production. At the same time, global EV demand has recently shown renewed momentum. According to BMI data, global EV registrations rose 6% year-on-year to 1.6 million units in April, driven by rising international oil prices and policy support measures. China remained the world’s largest EV market, recording approximately 850,000 EV registrations in April and accounting for 53% of the global market total.