PSA Group will start offering electrified versions of all new and retooled gasoline models in 2020, to be built at Dongfeng Peugeot Citroen Automobile. This is driven by the government’s push towards electrification.
The first one to go on sale will be its next-generation Peugeot-badged 2008 with both a gasoline and battery version.
According to PSA’s local partner Dongfeng Motor Group, the next-generation gasoline Peugeot-badged 2008 will become the first to go on sale, along with a battery version. This will be followed by the plug-in hybrid and gasoline variants for the retooled crossovers Peugeot 4008 and Citroen C5 Aircross.
Dongfeng also said that the entire range of PSA Peugeot Citroen will be offered with an electrified version by 2023. Peugeot Citroen Dongfeng is a 50-50 JV between Dongfeng and PSA, which produces and markets vehicles for Peugeot and Citroen brands.
The JV has produced one electric vehicle marketed under its proprietary Fukang brand, which is a rebadged car made by Dongfeng. PSA also operates another 50-50 partnership -- Changan PSA -- with Changan Automobile Co. Changan PSA has last month placed its 50 per cent interest in the joint venture up for sale due to dropping sales volume.
Low inventories across the copper supply chain mean that any resolution to the U.S.-China trade war could trigger a snap rally in prices as consumers rush to restock, market participants said on Tuesday.
China's iron ore imports fell by 2.4pc on the month to 90.65mn t in November, although volumes were around 8pc higher from a year earlier.
China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
The European parties to the 2015 nuclear deal between Tehran and world powers did not indicate that they intend to trigger a mechanism that could lead to the renewal of UN sanctions at talks in Vienna on Friday, China's envoy said.
A new report shows that China, Iraq, and the United Arab Emirates (UAE) have been respectively the top three destinations for Iran’s exported goods in the first 7 months of the current local calendar year (March 21- October 22), which means the Europeans have failed to establish proportionate trade ties with Tehran despite their claims.
Despite the continuous drop in sales of electrified vehicles after the subsidy cut in June, Beijing continued its push on the automakers towards building more electric vehicles. The message was conveyed in the draft “development” plan of the Ministry of Industry and Information Technology for the domestic electrified vehicle industry covering 2021-35.