PSA Peugeot Citroen has announced that it plans to spend EUR90m setting up an R&D centre in China over the next three years.

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The centre, which will be located in Shanghai, will commence operations in September 2008 and will have over 500 engineers and technicians by 2010. it will deal in R&D of cars and car parts as well as management of local purchase for Peugeot and Citroen brands cars, according to a SinoCast report.


The establishment of the centre is a part of the carmaker’s long-term strategy.

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