| 04-01-2008
On
December 29, ChangAn Motor Group chairman of the board, president Xu Liuping formally
announced that until now ChangAn Mortor Group has realised sales revenue RMB 57.377
billion, increasing 24.3 percent compared with same period last year, and breaking
the goal of RMB 50 billion. ChangAn Motor Group has been the only enterprise whose
annual sales revenue surpassed RMB 50 billion in China's Southwest Chongqing Municipality. According
to the introduction, since last year, ChangAn had put forward the goal to build
RMB 50 billion-ranked enterprise. After analysed both the domestic and abroad
market, ChangAn accelarated its development strategy and has achieved this goal
less than a year. Latest statistics show that ChangAn Motor Group had produced
accumulative more than 870,000 units vehicles while sold 850,000 units vehicles,
up 20 percent year-on-year. Sales revenue RMB 57.377 billion has also broken the
operating performance records. Since
the establishment of ChangAn Group, as one of the most renowned carmakers in China,
its production and sales of cars have been increasing by 30% annually and hit
580,000 cars in 2004. The brand value of ChangAn also rose to RMB 8.02 billion
in 2004 from 2.5 billion in 1998. It has three production bases, one each in the
southwest, east and north of China. It cooperated with international auto leaders
such as Ford, Mazda and Suzuki and has established several joint ventures in China.
They are ChangAn Suzuki Auto Corp. in 1993, ChangAn Ford Auto Corp. in 2001 and
ChangAn Ford Nanjing Corp. in 2004. Editor:
James Yin from Chinabuses.com
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