Some car makers are ahead of schedule


Yesterday, although the Beijing International Auto Show has not yet officially opened, the competition between domestic and foreign auto makers has already begun on the sidelines.

FAW Toyota pushes Corolla

FAW Toyota Motor Co., Ltd. has become the world's first manufacturer on the eve of this auto show. Yesterday, FAW Toyota announced the 10th-generation global launch of COROLLA in Beijing and named it Corolla. This move is considered to be a balance between Toyota Motors and GAC Group and FAW Group; it is currently preparing to further occupy the Chinese auto market through Corolla. Mao Liwu, General Manager of FAW Toyota Motor Sales Co., Ltd., stated that “Corolla’s target users are small
High-end users, whose competitors are Mazda 6, Passat and others. The reporter learned from the FAW Toyota dealers that the future price of Corolla is expected to be between 170,000 yuan and 210,000 yuan.

FAW Toyota's 2007 sales target is 300,000. According to statistics from China Association of Automobile Manufacturers, FAW Toyota sold 175,900 vehicles in the first 10 months of this year. It is expected that sales will exceed 200,000 vehicles this year. The hope of completing the 300,000 goal is pinned on Corolla. Jin Yi, the deputy general manager of FAW Group, said in an interview that the Corolla sales plan is similar to the Corolla, accounting for 36% of FAW Toyota’s total sales.

Dongfeng throws 200 billion targets

Yesterday, Xu Ping, chairman of Dongfeng Motor Group Co., Ltd., said, "The D120 plan from 2006 to 2008 will be completed without major accidents."

The so-called D120 plan means that in 2008 Dongfeng Motor Group achieved sales and sales of 1.2 million vehicles. The average annual sales revenue growth rate from 2006 to 2008 was 20%; in 2008, the market share increased by 2%. In the first 10 months of this year, Dongfeng sold a total of 742,200 vehicles, an increase of 24.96% year-on-year, and the growth rate ranked first in the industry.

After completing this goal, Dongfeng Motor Group will develop rollingly. Zhou Wenjie, executive vice president of Dongfeng Motor Group Co., Ltd., said, “In 2010, Dongfeng Motor Group plans to achieve production and sales of 1.8 million vehicles, with an overall market share of 18%, sales revenue of more than 200 billion yuan, and total profits of more than 10 billion yuan.”

Xu Ping said in an interview with the Shanghai Securities News that the completion of this goal requires constant cost reductions, and at least a 3% reduction in costs every year like squeezed towels. The Beijing International Auto Show also reflects the cost-saving aspect of Dongfeng Motor Group. The meticulous Dongfeng Motor Group, with its eight major auto companies and 15 vehicles, was unveiled at Hall 1 of the China International Convention and Exhibition Center. Although it covers an area of ​​1,200 square meters, the cost of building a booth is only a few million yuan. It is much lower than the multinational car giant's construction fee of nearly 10 million yuan.

Geely Automobile Development Exhibition Outreach

Compared with two powerful companies, Geely Automobile, a Chinese private enterprise, has found another way. Geely Automobile related persons told reporters yesterday that as the exhibition venue became a scarce resource, Geely Automobile took the initiative to request the organizing committee to open up a new exhibition area for Geely University and set up a 1,500-square-meter exhibition area as the Beijing International Auto Show branch venue. This is also the first time that automakers have set up branch venues for Beijing International Automobile since its 9th session. However, Li Shufu, the shrewd chairman of Geely Automobile, left a suspense and its new concept car was unveiled on the 18th at the Beijing International Auto Show.


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