The story
Founded by Dongfeng Motor Corporation and Groupe PSA in 1992.1
The Peugeot and Citroën brands separately tried to enter the China market in the 1980s. Citroën sold the CX model in 1984, and it even appeared in a Chinese film. At the time, Citroën was competing with Volkswagen for the "large car" contract with SAIC Motor, and Volkswagen won, investing $2 Billion in the China market from 1984 to 1998. Peugeot also saw lackluster results. In 1985, it established a joint venture with the government of Guangzhou, Guangzhou Peugeot Automobile Company, which built the Peugeot 505 and was defunct by 1997.
The current Dongfeng Peugeot-Citroën comes from a second chance at market entrance for Citroën provided by 'Second Auto Works' (Dongfeng), in 1992. Realizing it lacked a consumer product line, state-owned vehicle maker Dongfeng Motor Corporation initially approached Toyota in the hopes of establishing a joint venture but was rebuffed leading to the same offer being afforded Citroën. Talks were reported to have taken place in Paris as early as the last 1980s with agreement reached in 1990. However, the project was delayed by two years due to French government resistance following the Tiananmen Square massacre, and it only came off the ground in 1992. Initially referred to as Dongfeng Citroën Automobile Company (DCAC), this joint venture company situated itself in Wuhan. Its first product was a hatchback built from semi-complete knock-down kits, the ZX Fukang, and by 1996 production capacity had reached 150,000 units/year with a second offering, the Fukang 988 sedan, being added in 1998. The project may not have seen great success due to a limited product line and delays from the beginning. In addition, early reliance on Shanghai's industrial base (and with it stretched supply chains) for locally sourced parts may have proved a hindrance; at the very least to the development of Wuhan's own industrial cluster. As of 1997, DCAC counted amount its component suppliers 80% more Shanghai firms than those based in Wuhan, and in the early 2000s easily 50% of locally sourced parts continued to come from Shanghai.
In 2002, the first Peugeot-branded product was introduced and the JV was renamed Dongfeng Peugeot-Citroën Automobile (DPCA). That same year saw the joint venture held with equal equity between its French and Chinese parents, but it wasn't until 2004 that Chinese and French banks relaxed their grip on the firm and true 50% ownership stakes were each taken by Dongfeng and PSA Peugeot Citroën.
While most current offerings are versions of cars available in other markets, some vehicles have been tailored to better suit local demand such as changing hatchbacks to three-box designs. At least one car, sold under the name Citroën C2, appears to have been reworked extensively; confusingly the Chinese version C2 seems to have been a rebadged Peugeot model—not the "actual" Citroën C2.
On March 3, 2025, DPCA launched the Hedmos NEV brand, with the first model, the Hedmos 06, commencing deliveries in May.
From Wikipedia’s article on Dongfeng Peugeot-Citroën, shared under CC BY-SA 4.0.4
