Peugeot 508 sedan and new SUV concept to debut at Shanghai

The launch of the new 508 sedan underlines Peugeot's plans to increase its presence in China, and the French carmaker intends to launch at least one new car a year in the Chinese market, starting with the 508 this year.

The Chinese-market 508 will be markedly different from the European 508, and the car will be wholly produced in China. Peugeot expects at least half of all 508 output to be produced and sold in China, for a provisional annual sales volume of 65,000 units in the first full year of production. Peugeot expects to sell about 200,000 cars in the Chinese market for 2011.

Aside from the 508 sedan, Peugeot will also unveil a new SUV concept at the Shanghai Motor Show. Peugeot has not released any details or pictures of the concept, but said that the new all-wheel-drive SUV prototype was designed and developed locally by the China Tech Centre in Shanghai.

Source: Peugeot