The chairman of China’s Dongfeng Motor Group said cooperation with PSA/Peugeot Citroen is not limited to certain geographical regions, and that Brazil and Russia are possible future areas.

Xu Ping told a media briefing in Beijing today that the Asia-Pacific region was just a “starting point” for the two companies, which earlier this week officially signed an alliance that would give much-needed cash to the troubled French automaker.

PSA and Dongfeng announced this week they would deepen their joint business in China and jointly build a presence in Southeast Asia.

New PSA CEO Carlos Tavares has identified Russia and South America as regions where the automaker must improve its financial performance.