Dongfeng Motor Group Co (HK:0489) has released an update.
Dongfeng Motor Group Co. reported mixed results in its latest production and sales volume flash report for July 2024, with an overall sales decrease of 3.1% year-on-year but a notable increase of 12.6% in its parent company’s sales. The subsidiary Dongfeng Automobile Company Limited (DFAC) also saw a 12.8% growth. New Energy Vehicles (NEVs) emerged as a strong segment, showcasing a significant sales increase of 22.5% compared to the previous year.
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