PSA Group and Dongfeng Motors (DFM) have signed an agreement to design an electric version of their Common Modular Platform (CMP).
The CMP was jointly developed by the two companies since April 2015. The deal was signed at the presentation of the Dongfeng Peugeot Citroen Automobile (DPCA) strategic plan.
The future electric platform (e-CMP) will provide a worldwide offering of all-electric, high-performance B and C segment vehicles for the Peugeot, Citroen, DS and Dongfeng brands from 2019.
PSA and DFm have also signed a framework Human Resources agreement designed to increase synergies for developing talent internationally.
Under the deal, employee will be temporarily exchanged between operational teams in the fields of research &dDevelopment, marketing, manufacturing, finance and human resources.
The new 5A+ medium-term strategic plan is designed to make DPCA an efficient car manufacturer, capable of providing its customers with mobility solutions.
The plan focuses three areas which include increasing customer satisfaction with products and services; generate more than RMB100bn ofrevenues by 2020; and ensure a profitable, sustainable growth supported by productivity gains of up to 30% by 2020.
Speaking at the presentation, PSA Group managing board chairman Carlos Tavares said: "The future e-CMP platform is a key milestone in our partnership with Dongfeng.
"It will speed up the worldwide development of both of our groups, while helping us to reach the strict carbon objective set for 2020".
