Dongfeng Motor Corp aims to lift car sales by 150%

Dongfeng Motor Corp said yesterday that it aims to boost sales over the next five years by 150 percent to 500,000 vehicles and aggressively expand to new energy vehicles.

In a five-year plan, the nation's third-largest auto group also said its light commercial vehicles business will strive for an average sales growth of over 15 percent by 2014 and to take a market share of no less than 15 percent in China.

Dongfeng wants to sell 20,000 new energy cars by 2014 including electrified trucks, vans, buses and specialty vehicles. It has already developed 12 new energy vehicles and three of them have won government approval to run on a trial program.

The Chinese partner of Honda and Peugeot Citroen targets to sell 10 percent of its vehicles in overseas markets by 2014 with six overseas production bases.