Dongfeng to become China’s second largest automaker in ’09?

China’s current top automaker in terms of volume production is arguably SAIC, which thanks to its JV’s with VW and GM has propelled it to the top of the production charts time and time again, but an upcoming automaker is looming from behind.

Dongfeng has steadily been ramping up production with its joint venture partners, Honda, Peugeot, Citroen, and Nissan quietly over the past year and will soon oust First Automobile Works (FAW) as China’s second largest automotive maker. In June 2009 Dongfeng sales jumped to 163,700 vehicles, whilst FAW floundered at 157,000 car sales.

Dongfeng also reported an income of just over 39 billion RMB in the first half of the year which gave the company a profit of 2.606 billion RMB. Industry giants SAIC sales of 1.4399 million car sales in the first hart of the year and a staggering 222,700 in July alone.

Ash

Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world's biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the 'Website' link.

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