Dongfeng seeks to bolster its market position through close collaboration with overseas partners.
The domestic passenger vehicle market posted modest growth in 2017, with overall sales volume rising 1.4% year on year to 24.7 million units, broadly in line with our expectations. Domestic brands continue to gain market share amid ongoing product upgrades, while the trend of diverging performance among different joint-venture brands remains unchanged. In our view, the latest industry developments favor Great Wall Motors, or GWM, which has made steady inroads into the higher-value added product ...
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