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Chinese domestic carmakers announce 2020 sales goals

Six major automakers in China have announced their 2020 sales goals, including FAW, Dongfeng Motor Group (DFG), SAIC, Chang’an, GAC and Brilliance Auto, reported gasgoo.com. 

FAW

FAW plans to sell more than 4 million vehicles, including 2 million Chinese brand models in 2020, and introduce 18 new Chinese brand models. It aims to occupy 15 percent of China’s new energy vehicle market in the upcoming five years. 

DFG

DFG plans to boost its production and sales level to 3 million units in 2020, including 1 million Chinese brand commercial vehicles, 1 million Chinese brand passenger vehicles and 1 million joint venture independent brand and other brand vehicles, such as the Venucia, Luxgen and Civic.  

SAIC

SAIC plans to sell 1 million Chinese brand vehicles in 2020 and overseas sales are expected to account for 20-30 percent of its total sales. It will invest another ¥20 billion ($3 billion) in new energy vehicles (NEVs) in five years and has set a goal of selling 600,000 NEVs in 2020. 

Chang’an

Chang’an plans to invest ¥18 billion in NEVs in the upcoming 10 years and introduce 34 NEV models. NEV sales of the company are expected to reach 400,000 units by 2020. 

GAC

GAC, which will develop its own e-commercial platform, plans to produce and sell 1 million Chinese brand vehicles and 2 million Japanese brand vehicles in 2020. Besides, it will deepen its cooperation with Fiat, Jeep and Chrysler and expand its Jeep product lines from compact vehicles to full size luxury SUVs. 

Brilliance Auto

Brilliance Auto plans to produce and sell 1.5 million vehicles in 2020. The company also plans to set up overseas production facilities in Africa, West Asia, Central and South America and Eastern Europe. Overseas sales are planned to account for 20 percent of its total sales by 2020.

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