Dongfeng Motor Corp aims to sell 2.2M vehicles in '10

Shanghai, February 3 (Gasgoo.com) China's third largest automaker Dongfeng Motor Corporation has set its 2010 sales target at 2.2 million vehicles and expects its annual sales revenue to reach 290 billion yuan ($42.6 bln), Xinhua News reported yesterday.

The automaker, which manages the listed Dongfeng Motor Group and its joint ventures with PSA Peugeot-Citroen, Honda Motor and Nissan Motor, posted sales of 1.9 million vehicles in 2009, up 43.6% year on year and meanwhile managed to push its sales revenue up 30.2% to 256.4 billion yuan, while profit surged by 96.3%.

Dongfeng Motor will accelerate its R&D for passenger vehicles, commercial vehicles, new-energy vehicles and key assemblies, and further develop its independent brand models, said the company's general manager Xu Ping.

As the main part of the auto giant, Dongfeng Motor Group saw its overall vehicle sales in 2009 up 35.2% to 1.43 million units, exceeding its own forecast of 1.3 million units. Its vehicle sales in December surged 74.8% to 150,887 units.

The top five Chinese automakers by sales in 2009 are SAIC Motor (2.72 mln), FAW Group (1.95 mln), Dongfeng Motor Corp (1.89 mln), Changan Auto Group (1.87 mln) and Beijing Auto Group (1.24 mln). All of them aim to achieve higher sales this year.