Dongfeng Motor CEO Zhu Fushou sought to quell the controversy over his company’s planned purchase of a 14 percent stake in PSA/Peugeot-Citroen, saying that Dongfeng has no plans to take control of PSA.

Dongfeng’s investment is a long-term strategy that will help PSA increase sales outside Europe and allow Dongfeng to compete better with domestic rivals in China, Fushou said in an interview published in the L’Alsace newspaper.