A PSA spokesman said the French company still hoped to roll out DS cars in China and a “new strategic plan” would be presented in the coming weeks or months.
The partners planned to continue building DS-branded cars at the Shenzhen plant, a China-based PSA spokesman said on Friday.
PSA’s sale plan would be presented to French unions on Friday, a source familiar with the matter said.
PSA’s sales in China fell in 2018 by 32% to 262,583 vehicles, a long way off the 1 million-a-year target it had set itself a few years ago.
Changan said it is seeking a floor price of 1.63 billion yuan ($232 million) for its stake in the joint venture.