France/China – At today’s presentation of the new ‘5A+’ medium-term plan, the two companies formally agreed to design an electric version of the common modular platform (CMP) which has been in development since April 2015. The electric platform, e-CMP, will be the global basis for all-electric, B- and C-segment vehicles for Peugeot, Citroen, DS and Dongfeng from 2019.
“The future e-CMP platform is a key milestone in our partnership with Dongfeng,” commented Carlos Tavares, chairman of the management board at PSA Group. “It will speed up the worldwide development of both of our groups, while helping us to reach the strict carbon objective set for 2020.”
PSA and Dongfeng also signed a framework human resources (HR) agreement to increase synergies to develop talent internationally. The deal paves the way for temporary employee exchanges between operational teams in R&D, marketing, manufacturing, finance and HR. The partners will share best practices in each area of HR to identify potential areas of cooperation. PSA says the new arrangement aligns with its ‘Push to Pass’ strategic plan and “serves to address a number of human resources challenges”.
The 5A+ plan is designed to make Dongfeng Peugeot Citroen Automobile more efficient and has three key objectives:
– to increase customer satisfaction and move into the top three OEMs by 2018, becoming number one in 2020– to generate revenue above 100 billion ($15.4 billion) by 2020– to secure profitable, sustainable growth supported by a 30% increase in productivity by 2020.