PSA Peugeot Citroën will build a fifth factory in China to boost production there by a third as it races to catch up with rivals in the biggest car market.
Peugeot said yesterday it has been given clearance to build a plant in Chengdu, in central China, which will begin production in 2016 with the capacity to make 300,000 cars a year.
Peugeot, which turned to Chinese partner Dongfeng Motor Corp in February for a bailout, has made Asia growth the centrepiece of its turnround strategy.
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