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Dongfeng Motor saw a 20% year-over-year increase in sales in January, marking a strong start to the new year. Following last year's impressive performance of over 1.1 million units sold, the company continued its momentum into 2008. In January alone, Dongfeng Motor sold 111,100 vehicles, reflecting a 20.61% growth compared to the same period in 2007. Among these, passenger car sales reached 84,400 units, up by 23.98%, while commercial vehicle sales rose to 27,100 units, an increase of 11.19%.
At the 2008 work meeting, Xu Ping, General Manager and Party Secretary of Dongfeng, announced the company’s production and sales targets for the year. The group aims to produce and sell 1.3 million vehicles, generating sales revenue of 180 billion yuan, with profits expected to exceed those of 2007.
In other news, the results of the 2007 China Racing Championship were officially announced. The event, which was unveiled with the participation of officials from the China Automobile Federation, industry leaders, and marketing directors from various car companies, celebrated outstanding achievements in motorsports. Xu Lang was honored as “Speed Rider†for his remarkable performances in off-road and rally events. FAW-Volkswagen, known for its successful sub-brand competition, won the “Fan Auto Automaker†award, while AGF Asian Formula Open stood out in the “Most Growing Value Competition.†The “China Racing Billboard,†launched in 2006, is organized by leading media outlets such as China Sports News, Sina.com, and Guangdong TV Station. It has become one of the most prestigious awards in the Chinese racing industry.