Peugeot plans fourth China plant

PSA Peugeot Citroen (UG.EPA) on Wednesday said will open a fourth vehicle plant in China with local partner Dongfeng Motor (0489.HKG), Bloomberg reported. The new Chengdu factory will make 300,000 vehicles a year, with production starting in late 2016. The plant will boost the manufacturers’ joint capacity to 1 million autos annually. Dongfeng and Peugeot have a target of selling 1.5 million vehicles annually by 2020. China’s auto sales rose 11% in the first five months of this year, with deliveries by the Dongfeng- Peugeot venture surging 18%.