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Dongfeng Motor to launch self-developed sedan by year-end
Shanghai. March 17 (Gasgoo.com) – China’s third largest auto group Dongfeng Motor Co plans to produce its first self-developed sedan called Dongfeng BF by the end of this year, state media Xinhua News Agency reported today.
Under the plan, the Dongfeng BF sedan series will cover a full range of vehicle market, include compact cars, economy cars, as well as middle and high end market segments. The first BF sedan to be launched will be a 1.6 liter hatchback, which will be priced at RMB 100,000 ($14,000).
Last September, Dongfeng Motor started to invest RMB 7.6 billion ($1.07 billion) in a passenger vehicle production base in Wuhan. After the first phase of construction, the base will have capacity to turn out 160,000 cars a year.
Traditionally, Dongfeng Motor is China’s leading truck maker. As such, Dongfeng remains China’s largest player in heavy-duty and medium duty segments. Last year, Dongfeng sold 338,200 commercial vehicles.
Dongfeng Motor Group, China's third-biggest auto manufacturing group, sold 1.13 million vehicles in 2007, up 21.98 percent from one year earlier.
Dongfeng Motor Group has joint venture companies with Honda, PSA Peugeot Citroen, Nissan and Korean automaker Kia. Most vehicles Dongfeng sold are made by these joint venture automakers.
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