Dongfeng Motor Corporation, a major Chinese automaker, said on Dec 10 that it aims to triple sales of its own-brand vehicles to 3 million units by 2016. Zhu Fushou, president of Dongfeng Motor, revealed the mid-term target at a ceremony that marked the production of the millionth own-brand vehicle this year.
The company will invest over 30 billion yuan ($4.7 billion) in capital expenditure in the next five years and strive to raise the annual investment on research and development to over 3 percent of its sales revenue, he said.
Dongfeng Motor sold 2.76 million vehicles, including over 900,000 own-brand vehicles, in the first 11 months of the year, an annual increase of 11.8 percent.
Via: ChinaDaily.
Recommended for you
Voyah Passion L spy shots revealed with LiDAR and Huawei system
Li Auto defends i8 crash test involving Dongfeng truck amid online debate – with video
Li Auto i8 raises controversy after lifting 8-ton truck off the ground during a crash test
Follow us for ev updates
Comments