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With the signing of a binding merger agreement between FCA and PSA, Dongfeng Group's original stake of about 12.2% in PSA has also been reduced. Before the end of the transaction, Dongfeng Group will sell 30.7 million shares to PSA, and these shares will be cancelled; Dongfeng Group's remaining shareholding in PSA will be locked until the completion of the transaction. After the completion of the transaction, Dongfeng Group will have 4.5% ownership of the new group. Later, there was speculation about the future of DPCA, a joint venture of the two companies in the Chinese market. What's more, DPCA is about to disintegrate. However, according to Reuters, on December 19, it said it had reached an agreement with PSA that the two sides would extend the joint venture term of DPCA. So far, PSA has not responded to this matter. A representative of Dongfeng said, "with the deepening of cooperation between Dongfeng and PSA, we expect the joint venture to continue to make progress in China." In a conference call, Dongfeng said that if PSA agreed to introduce the Opel brand into China, DPCA would get the exclusive rights of the brand's cars, and parts imported from PSA could enjoy lower prices. In addition, the joint venture will benefit from new technologies and intellectual property rights. Earlier this year, Reuters obtained a document showing that in order to improve profitability, it had agreed to close two of its four shared car assembly plants in China and cut thousands of jobs to curb the growing losses at a time when sales in China, the world's largest car market, continued to be weak.