Dongfeng Auto’s Research Fund is up to RMB 76.7b in the past five years

Shanghai (Gasgoo)-The Technical Center No.2 designing building of Dongfeng Auto was inaugurated on September 25th, which is an important part of Dongfeng Auto Technical Center phase two project.

The phase two project has a total investment of RMB 1.54b with an area of 125,000 square meters, including the product design building phase two and auxiliary projects, trial production workshop phase two project and power plants laboratory, which will provide R&D supports for further developments of self-independent passenger vehicles.

Zhu Yanfeng, Board Chairman and Party Committee Secretary of Dongfeng Auto, inaugurated the No.2 design building, together with Zhu Yongsheng, General Engineer of Dongfeng Fengshen AX7 model.Zhu Yanfeng points out that, it can be predicted that the alternative energy and pilotless era will come in the near future.

In the past five years, Dongfeng Auto invests a total of research fund of RMB 76.7b, and the research fund reaches RMB 19.07b in 2016, accounting for 7.2% of the sales revenue. It has a total sales volume of 384,200 units in commercial vehicles from January to August this year with a year-on-year growth of 25.12%, taking the lead in the industry.

Established on April 1st, 1983, Dongfeng Auto Technical Center is mainly responsible for the R&D of self-independent passenger vehicles, off-road vehicles, alternative energy vehicles and other related work. It is targeted that Dongfeng Auto’s R&D capabilities will take the lead in domestic market by 2020 and reach an international leading level by 2025.