Gasgoo.com (Shanghai April 28th)- On April 26th, the biggest six Chinese auto makers, SAIC, Dongfeng Auto, FAW Group, Changan Group and BAIC announced their respective “13th-five” plan on 2016 China Auto Forum. Compared with the “12th-five” plan, half of them have lowered the sales targets.
In fact, none of the above six groups have completed their 2015 sales targets. Their respective “12th-five” targets are 6m, 5m, 5m, 5m, 3.5m and 3m units respectively. And the real sales volumes are 5.86m, 3.87m, 2.84m, 2.78m, 2.49m and 1.3m units respectively. Based on their future prediction, six groups have made restrained plans. Dongfeng Auto, SAIC, Changan Group, BAIC Group and GAC Group set a respective plan of 5m, 4m, 4.4m, 4.5m, and 2.4m units by 2020. Except for BAIC and Dongfeng Auto, which set a higher and levelling sales target respectively, other groups all have a lower target.
However, although some companies have cautious plans, the six groups have speeded up their layouts in alternative energy vehicles and smart cars. SAIC plans to input more than 20b Yuan and more than 30 new models in the alternative energy area, and sets a sales target of 600,000 units, including self-owned brands of 200,000 units. Dongfeng plans to sell 300,000 units alternative energy vehicles by 2020. FAW Group plans to input 18b Yuan in the future ten years in alternative energy area, selling vehicles up to 400,000 units, accounting for 10% of the total sales. BAIC and GAC plans to sell 500,000 and 200,000 units alternative energy vehicles respectively by 2020.
