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Stellantis claims China performance turnaround

Stellantis suggests it strengthened its enterprise placement in China, ‘laying a strong foundation for the company’s long-expression expansion’.

Dongfeng Peugeot Citroën Car Co., Ltd (DPCA), the joint enterprise formed by Stellantis and China Dongfeng Motor Company, bought in excess of 100,000 motor vehicles in 2021, far more than doubling the annual product sales volume of 2020.

Stellantis states this enterprise efficiency built 2021 the turnaround yr for DPCA. Of the additional than 100,000 vehicles, close to 9,300 New Electricity Motor vehicles (NEV) ended up bought, which has designed DPCA a net contributor of NEV and CAFC (Corporate Normal Fuel Use) credits of Stellantis in China.

The firm also claims the turnaround permitted considerable enhancement of DPCA’s economic predicament, setting the stage for the new DPCA tactic.

“Since working day one particular of Stellantis, we analysed the circumstance jointly with our companions and we are now finalising our designs for China, which we take into consideration as a strategic market in phrases of untapped likely,” stated Grégoire Olivier, Chief Working Officer – China, Stellantis.

Aftermarket operations restructured

In the space of impartial aftermarket, soon after an preliminary expenditure in the unbiased spare sections distributors of Shanghai JianXin and Shandong United Vehicle Parts (UAP) in 2018, and then Fujian Longstar in 2019, Stellantis claims it has now taken regulate of UAP, merging the 3 entities into just one built-in countrywide distributor. The mover produces the fourth major spare elements distributor in terms of revenue turnover in the unbiased aftermarket small business in China.

With a 53.5% stake in the recently integrated spare components distributor, Stellantis suggests it has important development probable in advance. In 2021, this business enterprise experienced a sales turnover of €176 million in the unbiased following industry in China.

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Added details on Stellantis’ strategy for the Chinese industry will be declared within just the global strategic program on March 1, 2022.