June 6, 2023

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Stellantis claims China performance turnaround

Stellantis claims it strengthened its small business position in China, ‘laying a solid basis for the company’s lengthy-term expansion’.

Dongfeng Peugeot Citroën Car Co., Ltd (DPCA), the joint undertaking shaped by Stellantis and China Dongfeng Motor Company, sold more than 100,000 motor vehicles in 2021, much more than doubling the yearly profits volume of 2020.

Stellantis suggests this business enterprise effectiveness created 2021 the turnaround 12 months for DPCA. Of the extra than 100,000 automobiles, around 9,300 New Vitality Autos (NEV) ended up bought, which has designed DPCA a web contributor of NEV and CAFC (Company Typical Gas Use) credits of Stellantis in China.

The enterprise also claims the turnaround authorized significant improvement of DPCA’s fiscal circumstance, setting the phase for the new DPCA tactic.

“Since day one of Stellantis, we analysed the circumstance jointly with our partners and we are now finalising our programs for China, which we think about as a strategic marketplace in terms of untapped prospective,” said Grégoire Olivier, Chief Operating Officer – China, Stellantis.

Aftermarket operations restructured

In the area of independent aftermarket, after an first investment in the independent spare elements distributors of Shanghai JianXin and Shandong United Automobile Sections (UAP) in 2018, and then Fujian Longstar in 2019, Stellantis says it has now taken command of UAP, merging the a few entities into a person integrated countrywide distributor. The mover produces the fourth largest spare elements distributor in terms of sales turnover in the unbiased aftermarket small business in China.

With a 53.5% stake in the freshly built-in spare parts distributor, Stellantis states it has sizeable progress opportunity forward. In 2021, this business experienced a gross sales turnover of €176 million in the impartial just after marketplace in China.

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Additional specifics on Stellantis’ system for the Chinese marketplace will be introduced within the world strategic plan on March 1, 2022.