Major Chinese Domestic Carmakers Announced Their 2020 Goals

With the advent of China’s Thirteenth Five-Year Plan, Six major auto groups in China has already announced their 2020 goals successively.

FAW Group: By the year of 2020, FAW plans to exceed their sales volume to 4 million units, including 2 million domestic models, and introduce 18 new domestic models. This group also aims to take a lead China’s alternative energy vehicle market and raise the respective market share to 15%.

DongFeng Motor Group: By the year of 2020, DongFeng will stick to its “strong domestic” strategy and corresponding Thirteenth Five-Year plans to further develop its domestic models. This group aims to boost its production and sales level to 3 million units, including 1 million domestic commercial vehicles, 1 million domestic passenger vehicles and another 1 million co-invested models, such as Venucia, Luxgen and Civic.

SAIC Motor: By the year of 2020, SAIC will boost the sales of its domestic models to 1 million units, including 20%-30% overseas sales, and further compete in the overseas markets. This group will invest another 20 billion rmb in alternative energy vehicles and boost its sales of these green cars to 600,000 units.

Changan Automobile：By the year of 2020, Changan plans to invest 18 billion rmb in alternative energy vehicle, introduce 34 alternative energy models and total the sales of alternative energy vehicles to 40,000 units.

GAC Group：By the year of 2020, GAC will build 3one-million-sale companies and develop its own e-commercial platform. This group will produce and sale 1 million domestic models and 2 million co-developed Japanese models, including Guangqi Honda and Guangqi Toyota. Besides, GAC will deepen its cooperation with Fiat, Jeep and Chrysler and expand its Jeep product lines with more models, covering from compact to full size luxury SUVs.

Brilliance Auto Group: For the following 5 years, Brilliance Auto plans to leapfrog on their way to go global and accelerate its effort to set up overseas plants. By the year of 2020, this group will produce and sale 1.5 million vehicles, including 20% export sales, and complete the setup of overseas plants in Africa, West Asia, Central and South America and Eastern Europe, which will take up 40% of Brilliance’s production by then.