· Dongfeng, PSA and Shenlong signed a joint development of the electric vehicle strategic platform (eCMP) project agreement Dongfeng and PSA signed a human resources strategic cooperation agreement

Core information: R&D investment is 550 million yuan, the performance index is first-class, the battery life is 450-500km, the speed is 150km/h, covering the mainstream market segment, more than 10 models series, the first product is launched in 2019, sharing intellectual property rights.
In order to promote the rapid development of Shenlong Company and ensure the smooth realization of the mid-term business plan “5A+ Plan”, on May 11th, at the launch conference of Shenlong’s medium-term business “5A+ Plan”, Dongfeng Motor Group and PSA Group introduced their global strategies. The second anniversary of the alliance cooperation business progress, operation mechanism and objectives and tasks, and signed the "Dongfeng Automobile Group and PSA Group Human Resources Strategic Cooperation Agreement", "Dongfeng Motor Group, PSA Group, Shenlong Company jointly developed" electric version shared modular platform (eCMP ) "Project Agreement". This is the third largest shareholder of the PSA Group in March 2014, and signed a global strategic alliance cooperation agreement. In April 2015, the two parties signed the “Common Modular Platform (CMP) jointly developed by Dongfeng Motor Group and PSA Group”. Another important achievement since the project agreement marks the deepening of strategic cooperation between the two sides.
The “eCMP” project has the obvious advantages and features of lightweight, modular, intelligent and international design. It is the extension of the CMP platform project and the deepening of cooperation. It is the electric version of the global shared modular platform CMP. . The project was jointly developed by Dongfeng Motor Group, PSA Group and Shenlong Company to share intellectual property rights. In the project management and development team building, it will absorb international leading technology, learn from international successful experience, integrate and coordinate multi-party resources, and develop into a strategic platform for Dongfeng and PSA, as well as Shenlong's electric vehicle development. The project has invested 550 million yuan in research and development, covering more than 10 models of mainstream market segments, including Dongfeng Peugeot and Dongfeng Citroen's second-generation pure electric vehicles; the performance indicators are world-class, and the cruising range reaches the second-generation electric vehicles. At the best level, the first product will be launched in 2019.
The “CMP” project covers the B-class and C-class passenger vehicle markets. The design and development performance is positioned at the international advanced level within five years of production, that is, the safety performance reaches NCAP (New Car Collision Test)\C-NCAP (China New Car Evaluation Procedure) Five-star; fuel consumption and emission level are globally leading; compatible with intelligent driving; high module sharing; flexible and diverse economy and excellent economics; it is expected to launch nearly 10 basic models and extend them to the world from 2018 to 2020. A number of models are available in 10 models. The R&D investment of the project is 200 million Euros. It is led by Dongfeng Motor Group, PSA Group and Shenlong Company. It is a strategic shared modular platform that integrates all the advantages and resources, and will be industrialized in Sanfang's manufacturing plants. , sharing intellectual property rights. Since the signing of the agreement, the project has progressed well. The first prototype was delivered in February 2016. It is expected that the first model will be launched in the European market in 2018 and the first new model will be launched in the Chinese market in 2019.
In the two years since the cooperation between Dongfeng and PSA Global Strategic Alliance, the synergy has been increasing, the cooperation field has been continuously expanded, and business projects are increasing. At present, the two sides have carried out 20 cooperation and collaborative projects in five major areas, including product technology collaboration, international business collaboration, manufacturing and supply chain coordination, management exchange, and enhancement of Shenlong's capabilities.
The signing of the strategic cooperation agreement between Dongfeng and PSA Human Resources marks the strategic cooperation between the two parties, opening up new areas and leap to a new level, extending from business technology cooperation to important areas such as human resource management and cultural exchange. While building a foothold on specific project talent development, both parties will pay more attention to talent development work for future career development. The content includes, will give better play to the unique advantages of both sides in management and technology, carry out learning exchanges and special seminars, promote human resource management innovation; carry out best practice exchanges in the implementation of cooperation and cooperation projects, and continuously enhance each other Understand and promote cross-cultural exchanges and mutual learning.
It is reported that on May 10, PSA Group and Shenlong Company also held a signing ceremony for the joint development project of a new generation 1.8THP high-end turbocharged direct injection engine.
As the largest and most direct beneficiary of the strategic alliance between the two shareholders, the signing of this series of major project cooperation agreements will definitely help the successful implementation of the “5A+ Plan” of Shenlong’s medium-term business.

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