A representative from French automaker PSA Peugeot Citroen has rejected a report that the company and its Chinese partner Dongfeng Motor Group will open an assembly plant in Vietnam.
Lionel Faugeres, Peugeot’s general director for Southeast Asia rejected the information, recently reported by Chinese media, in an email on Sunday.
On May 20, the official Xinhua news agency reported that Dongfeng Peugeot is producing compact cars in cooperation with local firm Naza Group in Malaysia and plans to begin assembling in Vietnam later this year in partnership with Vietnam’s Truong Hai Auto Corporation (THACO).
The venture aims to sell 8,700 cars in Southeast Asia this year, with plans to raise sales of imported and locally produced cars to 70,000 units by 2020, according to the report.
A representative from THACO Group also denied the information when speaking to Thanh Nien.