Russian firm Automotive Applied sciences has commenced the meeting of Citroen C5 Aircross fashions at a plant south of Moscow, previously owned by Stellantis. These autos are scheduled to hit dealerships beginning Could.
In accordance with Reuters, Automotive Applied sciences imported a minimal of 42 automotive kits from China for the meeting of Citroen fashions on the facility. These kits, produced by China’s Dongfeng Motor Group, underscore the worldwide provide chain concerned within the manufacturing course of.
Stellantis beforehand acknowledged that it had misplaced management of its entities in Russia since December 31, 2023, confirming a shift in possession.
In a current assertion, Automotive Applied sciences introduced the initiation of batch meeting for Citroen C5 Aircross crossovers on the Kaluga manufacturing unit, with deliveries to official Citroen dealerships slated for Could 2024, and bookings out there as early as April.
These developments make clear the evolving panorama for Western firms in Russia post-2022 invasion of Ukraine, showcasing Moscow’s rising reliance on Beijing, particularly throughout the automotive sector.
Stellantis reported a lack of 144 million euros (USD 155.75 million) as a result of cessation of its Russian operations in February, emphasizing the monetary impression of geopolitical shifts on multinational companies.
Chinese language commerce information reveals a considerable surge in automotive exports to Russia in 2023 in comparison with the earlier 12 months, underscoring the strengthening ties between the 2 nations within the automotive trade.
Dongfeng and Stellantis, rating because the world’s third-largest automaker by income, keep a industrial three way partnership in China, enabling Dongfeng to fabricate and distribute Stellantis autos throughout the Chinese language market.
