China’s Dongfeng Motor Co., Ltd. reports significant increase in car sales
China’s auto industry started the year with impressive growth, as evidenced by the strong performance of Dongfeng Motor and other major automakers. Industry giant Dongfeng Motor reported a significant increase in car sales and production in January 2021.
Dongfeng Motor’s sales and production soar
Compared to the previous year, the company 33.86% In car sales, a total of 26,800 vehicles were sold in January. Dongfeng Motor’s automobile production also increased significantly. 43.72%, reaching 28,900 units. Growth was not limited to automobile sales and production. That extended to the company’s engine sales and production. 23,200 engines sold; 30.04% Increased compared to the previous year, and engine output also increased significantly 71.75% Dongfeng Motor’s performance in the industry is commendable, reaching 29,300 units in January.
Projected Growth and Financial Success
Before these numbers were released, Dongfeng Motors had predicted a significant increase in net profit for 2010. 80% and 90%. This prediction was supported by the company’s reported net income for his first three quarters of 2010. 110.75% It increased year-on-year and reached RMB 540 million.
China’s automobile industry is booming
Other major Chinese automakers also reported strong results. For example, Chery Holding Group Co Ltd reported strong sales in 2023 with over 1.88 million vehicles sold, an increase of 52.6% year-on-year. BYD achieved its ambitious target of 3 million units and sold 3.01 million units in 2023. Chinese electric vehicle startup Hozon New Energy Automobile expects sales outside mainland China to increase fivefold in 2024.
Most notably, Chinese electric car company BYD has overtaken US electric car giant Tesla to become the world’s leading EV supplier, according to recent sales figures. BYD has discontinued production of gasoline vehicles to focus solely on hybrid and electric vehicle models, selling 526,409 fully electric vehicles in the fourth quarter of 2023, surpassing Tesla’s 484,507 in the same period. exceeded.
These numbers not only indicate Dongfeng Motor’s strong performance, but also indicate the continued success of China’s automobile industry. With rapid growth and impressive sales figures, China’s dominance in the domestic and international auto industry will continue.