Liu Weidong takes Zhu Yanfeng’s place as Supervisor and Vice Chairman of PSA Supervision Board

Shanghai July 28th, 2017 Gasgoo-Currently, PSA released announcement that Liu Weidong would take Zhu Yanfeng’s place as supervisor and vice chairman of PSA supervision board, in the meantime Liu would also be a member of the strategy committee. An Tiecheng would take Liu Weidong’s place as member of PSA supervision board, chairman of Asia Business Development Council and member of finance and audit committees.

An Tiecheng was appointed as Vice General Manager of Dongfeng Auto in April this year, and took Liu Weidong’s place as Board Chairman of DPCA and DPCA Sales Company in June. In the meantime, Liu Weidong left DPCA and took in charge of DFPA, Dongfeng Yulong and international businesses of Dongfeng Auto.

The above adjustments are resulted partly by PSA’s bad domestic sales performance. Statistical data shows that PSA has a global sales volume of 1.58m units in the first half of year, increasing 2.31% year-on-year with the basis of 1.54m units. The great growth in Iranian market brings a doubling sales volume in Middle East and African market with a number of 278,000 units. But the total sales volume in Chinese and Southeast Asian markets only reaches 152,000 units in the first half of year, decreasing 48.6% year-on-year.