Shanghai (ZXZC)- On Jan. 23, Dongfeng Motor Corporate announced its annual sales target of 4,500,000 units with an increase of 9.1%, compared with 4,121,000 units in 2017. Dongfeng Motor gained sales revenue of RMB 631 billion with a year-on-year increase of 10.2% and net profit of 7.8% over the previous year.

Zhu Yanfeng, chairman and secretary of party committee of Dongfeng Motor Corporate declared that it will make breakthroughs in various directions to ensure the completion of its 2018 sales target.

Dongfeng will continue to forge the development of self-owned businesses and NEVs. It will consolidate its top position in self-owned commercial vehicle area and improve core competency in self-owned passenger vehicle area. In terms of NEV area, Dongfeng will fasten the deployment of scientific and technological innovation system to take the leadership in new energy vehicles.

In 2018, Dongfeng will also expand its overseas presence with exportation of more than 80,000 units. Apart from this, Dongfeng will also accelerate the deployment in intelligent connected vehicles and mobility services.

During 2017, sales of Dongfeng self-owned vehicles reached 1,439,000 units with a year-on-year increase of 4.5%. With deliveries of 593,000 units, market shares of commercial vehicles increased by 0.8%. Dongfeng sold 55,000 NEVs with a surge of 118% over the previous year. 65,000 vehicles were exported in 2017, jumping 55.3% year on year.