Dongfeng has said that its vehicle sales in 2008 rose 11.4% to 1.06m units.
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The firm’s car sales last year increased 14% to 727,392 units.
However, it also said in a statement that December vehicle sales were 10.7% below year-ago levels as demand in China slowed.
The company also said that it’s JV with Nissan Motor will receive additional investment funds of over a billion yuan.
The new funding will be used to support construction of Zhengzhou Nissan’s second plant.
The second plant started construction last September, with a total investment of 3.08 billion yuan, including 985 million yuan for the first phase construction.
With designed annual capacity of 120,000 vehicles, the first phase construction of the plant is expected to complete in May 2010.
Zhengzhou Nissan has set a sales goal of 27% growth to 60,000 units in 2009. It grew sales by 21% to 47,166 units in 2008.
Xinhua news agency reported that according to Zhu Fushou, general manager of Dongfeng Motor, the joint venture company would launch three new models this year, including a Cabstar light truck model and an ‘intelligent MPV’ model under the Nissan brand and an ‘economic MPV’ model under the Dongfeng brand.
