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Citroën in China
Citroën in China



Key dates in the development of Citroën in China

1932

Croisière Jaune: the China Group arrives in Beijing

Croisière Jaune
Croisière Jaune
Croisière Jaune

1985

Citroën takes part in the first Chinese Motor Show in Shanghai. A delivery contract is signed for 250 CXs.

1987

Initial contact with Second Automobile Works - SAW - subsequently Dongfenf Motor, China's second biggest truck manufacturer.

1988

Operation Dragon

Operation Dragon : 140 young Europeans drive more than 4 500 km from Shenzen to Beijing in a fleet of AXs.

Operation Dragon
Operation Dragon Operation Dragon
Operation Dragon

December 1990

Joint-venture contract signed with SAW, pending a financial agreement between the French and Chinese governments.

1992

Official founding of DCAC - Dongfeng Citroën Automobile Company. A joint-venture set up by Automobiles Citroën and Dongfeng Motor Corporation, the company's objective is to manufacture and sell the ZX in China.

1992

Sixty years after the Croisière Jaune, Pierre Lartigue and Michel Perin won the first Paris-Moscow-Beijing rally with their Citroën ZX Rallye Raid.

Paris-Moscow-Beijing Citroën ZX Rallye Raid

1992 - 1996

Two production plants built at Wuhan and Xiang Fan, in Hubei province.

2000

DCAC increases its capital to RMB 6 billion.


November 2001

New phase in the cooperation between PSA Peugeot Citroën and Dongfeng Motor Corporation. Jean-Martin Folz, Chairman of PSA Peugeot Citroën, and Miao Wei, Chairman of Dongfeng Motor Corporation, sign a memorandum of understanding to reinforce and accelerate the cooperation between the two groups. The objective is to significantly increase the production and sale of Citroën and Peugeot brand vehicles, by bringing in the PSA Peugeot Citroën group as a whole to work alongside its Chinese partner.

June 2002

Tenth anniversary of DCAC. More than 300,000 vehicles have been produced in China since 1992.

December 2002

The Chinese authorities approve the new joint-venture contract signed on 25 October 2002: Dongfeng Peugeot Citroën Automobiles (DPCA) is born. To finance the investments necessary for this second phase, the two groups decide to increase the capital of the joint-venture to RMB 1 billion (€123 million). PSA Peugeot Citroën contribute RMB 625 million (€77 million) and Dongfeng Motor Corporation RMB 375 million (€46 million). This gives the two groups equal stakes (32%) in the capital of the joint venture, the rest being held by Chinese and French banks. Under the terms of the agreement, PSA Peugeot Citroën and Dongfeng Motor Corporation will become sole shareholders at the end of 2003 on a fifty-fifty basis.