www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

PSA eyes new start in Chengdu

(China Daily) Updated: 2016-09-06 07:44

PSA eyes new start in Chengdu

Workers on the production line of a plant operated by Dongfeng Peugeot-Citroen Automobile Ltd in Wuhan, Hubei province. [Photo/Agencies]

Turnaround is part of a bailout by Dongfeng two years ago

PSA Group, caught in a China sales slump despite an expanding market, will inaugurate a seventh factory in the world's biggest car market this week, focused on producing sport utility and multipurpose vehicles for its Peugeot and Citroen brands.

The plant in Chengdu in southwestern China will have an annual capacity to manufacture 300,000 Citroen and Peugeot vehicles, as well as the local Fengshen nameplate, as part of its joint venture with shareholder Dongfeng Motor Co. Production will start at the end of the year.

PSA's joint venture sales in China dropped more than 19 percent in the first half to 297,000 units despite a tax cut boosting overall industry demand. The company is now planning to introduce 18 new models by 2020 in the country - including five SUVs by 2018 - to plug a gap in its lineup of mainly sedans at a time when increasingly affluent Chinese consumers are favoring larger vehicles.

It has also replaced the executives leading the Asia region and DPCA joint venture and is focusing on keeping production costs in check.

Chief executive officer Carlos Tavares needs to jump-start growth in China in order to complete the turnaround that begun with Dongfeng's bailout of PSA two years ago. As part of a plan called "Blue Upper", the company aims to sell 1 million cars in China by 2021 while lowering production costs by 20 percent from 2015 levels. Last year, 63 percent of PSA's vehicles were sold in Europe, versus 25 percent in China.

"The main factor impacting their sales is the lack of new models, the second one is a mismatch between what is in demand and what the company is offering" in China, said Benjamin Cavender, a Shanghai-based analyst at China Market Research Group.

"The new models are going to help them right away, but it's also a multi-year process of supporting the brands and investing in their presence here."

The Chengdu factory will boost DPCA's total capacity from 750,000 units a year. The partners already operate three plants in Wuhan, in central China's Hubei province.

Bloomberg

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 一区二区三区四区视频在线 | 很黄很色的摸下面的视频 | 毛片免费观看日本中文 | 久久国产精彩视频 | 国产后式a一视频 | 国产欧美久久久精品 | 欧美一区2区 | 免费国产成人高清在线看软件 | 亚洲免费不卡 | 亚洲一区二区三区在线视频 | 国亚洲欧美日韩精品 | 中国国语毛片免费观看视频 | 亚洲美色综合天天久久综合精品 | 久久青草免费免费91线频观看 | 欧美一级毛片在线一看 | 香蕉久久夜色精品国产 | 久热免费在线观看 | 高清日本在线成人免费视频 | 露脸 在线 国产 眼镜 | 久久久久久网址 | 国产真实女人一级毛片 | 精品日韩欧美一区二区三区在线播放 | 中文字幕免费观看 | 成人三级毛片 | 久久精品亚洲精品国产欧美 | 一本色道久久综合亚洲精品加 | 久久国产精品免费观看 | 免看一级a毛片一片成人不卡 | 夜色1网站| 久久99国产精品视频 | 男人天堂男人天堂 | 热伊人99re久久精品最新地 | 色老头老太做爰视频在线观看 | 国内自拍视频一区二区三区 | 日韩欧美中文字幕一区二区三区 | 亚洲一区二区三区福利在线 | 欧美福利一区二区三区 | 一级毛片免费完整视频 | 18lxxlxx日本| 久久久久国产 | 久久欧美精品欧美久久欧美 |