Dongfeng Motor Group, China's No. 2 automaker, plans to launch its first electric cars in China next year and is targeting to sell 100,000 of such cars by 2015, a top executive said on Tuesday.
REUTERS
A Peugeot employee checks car parts at the Dongfeng PSA Peugeot Citroen factory in Wuhan, capital of central China's Hubei province, in this November 17, 2006 file photo. Foreign car makers chasing a larger share of fast-growing China and India are often hamstrung by patchy policy measures and overt protectionism, but the size and potential of the markets make such hurdles worthwhile.
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Zhu Fushou, president of Dongfeng Motor Group, told Reuters on the sidelines at the Shanghai auto show.
Dongfeng and Japan's Nissan Motor Co operate one of the most successful ventures in China, called Dongfeng Motor Co, selling passenger cars under the Nissan brand and commercial vehicles under the Dongfeng nameplate.
It also has vehicle manufacturing ventures with Honda Motor Co Ltd and PSA Peugeot-Citroen Group (PEUP.PA).
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