Changan PSA (officially Changan PSA Automobiles Co., Ltd., informally CAPSA) was an automobile company headquartered in Shenzhen, China, a 50:50 joint venture between Changan Automobile and Groupe PSA. Its principal activity was the manufacture and sale of DS Automobiles branded passenger cars for China.
Changan PSA was Groupe PSA's second automobile joint venture in China, after Dongfeng Peugeot-Citroën.[1] Centering on a newly built production base in Shenzhen, it had an annual production capacity of 200,000 vehicles.[2]
History
In 2010, Changan and Groupe PSA agreed to establish a 50:50 joint venture to produce passenger cars for the Chinese market,[3] and final approval for the project was gained in 2011.[4]