Leoni has secured two follow-up orders from PSA Groupe with a total lifetime sales volume of EUR500m (US$555m).
Starting in October 2018, Leoni will equip a DS successor model as well as the future Peugeot 208 and 2008 with wiring systems.
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“The PSA Group and Leoni can look back on a long and very successful cooperation,” said Leoni Wiring Systems Division board member, Frank Hiller.
“Therefore, we are delighted to see this business relationship continue maintaining not only our position on the PSA best seller, the Peugeot 208, but also being the core supplier of the PSA Group’s future plant in Morocco.”
The recently awarded contracts comprise not only the product design and development but also include sequencing the deliveries and the responsibility for serial life through to 2026.
Dedicated for the European market, Leoni will manufacture different types of harnesses for the next generation models 208 and 2008 and a successor car of the DS brand in its plants in Eastern Europe and North Africa.
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By GlobalDataThe projects will positively affect Leoni’s market share within PSA in Europe.
As Leoni is a global supplier for PSA Groupe in China, South America and Russia among others, the new 208 and 2008 model will be launched in two of these regions, with the supplier noting it could realise synergies regarding development, tooling or technical savings.
