PSA Group, which owns Peugeot, Citroen, Vauxhall and Opel, has announced that it is to develop a pick-up truck in a joint venture with Chinese manufacturer Changan Automobile.
The joint-venture will be subject to a €500 million (£440 million) investment in PSA-Changan’s Chinese manufacturing facilities and will see the pick-up compete in the popular one-tonne area of the market, against such models as the Nissan Navara, Ford Ranger, Mitsubishi L200, Toyota HiLux and Isuzu D-Max.
The truck will go on sale across multiple global markets, including Europe, Australasia, China and Pacific regions. Changan is already considered one of the ‘big four’ Chinese automakers and has an existing partnership with PSA that dates back six years. In 2016, it made over three million cars and light trucks.
Set to be built in Changan’s existing light commercial vehicle plant at Ding Zhou in, the all-new pick-up will engineered for global markets and is expected to be offered in both utility and leisure-focused trim levels . PSA says it hopes the pick-up will help it triple its sales of commercial vehicles by 2021.