December 23, 2024

China's three major auto groups 50 billion yuan to develop their own brands


According to relevant sources, the Chinese auto industry has been accelerating the pace of independent innovation. Only three major auto groups, namely FAW, Dongfeng and SAIC, plan to invest approximately RMB 50 billion in the near future for their own brand development.

According to reports, FAW Group plans to invest 13 billion yuan to build its own brand. In the next five years, SAIC needs more than 27 billion yuan of funds for the company's development, including the construction of self-owned brand vehicles, research and development of complete vehicles and engine products, and construction of technology centers. Dongfeng Group plans to invest nearly RMB 10 billion in its own brand passenger car project.

View related topics: independent brands, where to go?


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