[1] The company was founded on 26 September 1985 and was defunct by March 1997 when Peugeot sold their stake in the joint venture.
One of the first foreign-Chinese joint auto-making ventures,[4] over its eleven-year lifespan the company only recorded production of about 100,000 cars.
[5] Manufacturing two models originally sold via fleet sales, its products were mostly used as taxis or by government employees.
They were met late if at all, and while the French initially profited from parts sales, Chinese consumers saw increased component localization from inexperienced suppliers lead to inferior products.
[9] By 1993, a soured Peugeot saw its now-inferior models out-completed by better offerings[9] with sales dropping to 2,544 while competing Shanghai VW built no less than 146,000 cars—fifty percent of the overall market.