Dongfeng Peugeot-Citroen Automobile, a joint venture between the Dongfeng Motor Corp and the PSA Group, is set to launch its Peugeot 207 hatchback and sedan simultaneously to the Chinese market this month, said auto.sina.com today.

The Peugeot 207 hatchback and sedan made by the joint venture will sell at a price between 80,000 yuan ($11,700) and 120,000 yuan when they go on sale in the Chinese market at the end of October. The existing 206 model, whose production is still going on, will not instantly quit the market. The Peugeot 206 now sells in China for 77,800-113,800 yuan.