The first-generation 2008 was developed under code name "A94" and is based on the PF1 platform, sharing electronic components with Peugeot 208.

[7] Production in Brazil ends in November 2023, as the model is replaced by the second-generation, now manufactured in neighbouring Argentina.

[8]On 19 June 2019, Peugeot officially announced the second generation of the model, based on PSA's new Common Modular Platform (CMP) shared with other models of the PSA Group, such as the second generation 208, DS 3 Crossback and the Opel Corsa F.[9] At the time of release, Peugeot announced five internal combustion engine (ICE) options:[9] The electric drive version, named the e-2008, features a 115 kW (156 PS; 154 hp) electric motor and 54 kWh battery, with a range of 406 km since the facelift in 2023.

The grille maintains its overall proportions but has new designs with body coloured elements (except for the base trim, on which it is always black) and the apron now incorporates three vertical lines as the new light signature and DRLs.

It is offered with the Fiat-sourced FireFly 1.0L 120 PS (88 kW) turbo gasoline engine and a continuously variable transmission.

[17] In 2022, Iran Khodro Company (IKCO) unveiled the Reera, which shares platforms with the second generation Peugeot 2008.

The gasoline model uses the EFP (1.65 16V TC Dual VVT-i) which is capable of producing 161 horsepower and 240 Nm of torque.