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Qoros Auto attains high YoY sales growth for 7 months in a row

Monika From Gasgoo| August 06 , 2018 11:25 BJT

Qoros Auto attains high YoY sales growth for 7 months in a row

Shanghai (Gasgoo)- Qoros Auto delivered 6,115 vehicles in July, achieving high year-on-year growth for 7 consecutive months since Baoneng Group joined as a new strategic investor, and handed over 36,639 vehicles for the first seven months in total, the automaker reported in recent days.

Inspired by the vigorous sales momentum, the company has elevated its 2018 sales goal to 100,000 units in late June from the initial goal of 80,000 units and intends to achieve a 120,000-unit annual sales target in the future. 

Qoros Auto signed cooperation agreements with another 51 tier-one dealers on June 14 after the company achieved a massive year-on-year growth of 366% in Jan-to-May sales. At the same time, the automaker forged strategic partnerships with Yixin Group, Souche Automotive Services as well as Guazi.com to promote the balanced development of traditional sales channels and new retail sales channels.

In addition, Qoros Auto has drawn up the MILE Project, aiming to launch upgraded powertrains, new ICV (intelligent-connected vehicle) technologies, brand-new vehicle designs and fully upgraded models. The company also entered into a strategic partnership with Banma, a comprehensive ICV solution provider co-built by SAIC Group and Alibaba Group, to develop ICV products and services.

Qoros Auto attains high YoY sales growth for 7 months in a row

As for NEV area, the company plans to launch 1 to 2 electric vehicle models per year. The first EV model will boast a mileage up to 450km and this number will be progressively increased by 100km year by year. Going forward, Qoros Auto is about to let its product lineup cover such segments as 7-seat SUV, 7-seat MPV and mid-full size sedan model and continue to improve the C-class, D-class and BEV (battery-electric vehicle) platforms.

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