Dongfeng Peugeot Citroen Automobile Co., a joint venture between PSA/Peugeot-Citroen and China's Dongfeng Motor Corp., launched exports last week when 120 Peugeot 408 compact cars were loaded on a ship bound for Egypt.
This is the first time the joint venture has exported cars. The company aims to expand exports over the next few years, it said in a statement, without providing a specific target.
The move has also made PSA the third global brand to export cars from China, following GM and Honda.
GM has exported minivans built by its joint venture SAIC-GM-Wuling Automobile Co. to Southeast Asia and Latin America, while Honda has shipped the Fit/Jazz small car assembled at its plant in the south China city of Guangzhou to Europe.
Dongfeng Peugeot Citroen, located in the central China city of Wuhan, is a 50-50 joint venture between PSA and state-owned Chinese company Dongfeng Motor Corp. It now builds the Peugeot 307, 207 and 408 cars as well as the Citroen C4 Quatre, Elysee, C5, C2 and C-Triomphe.
In the first five months of 2011, the joint venture sold some 164,185 vehicles, up 8.8 percent year-on-year, according to J.D. Power.
Dongfeng Peugeot Citroen plans to start selling the Peugeot 508 mid-sized sedan in China in August to expand its product offering in China.