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Citroën Aims for Number One in China

2 January, 2003

Citroën is aiming to triple its sales in China to 250,000 cars a year by 2006, giving it 12 per cent of the Chinese market and the number one car sales position.

Dongfeng Citroën, the French car maker's joint venture in China, sold 85,000 cars last year and is aiming for 100,000 vehicles in 2003 and 150,000 cars in 2004. The Citroën Fukang, Elysee and Picasso models will be joined by the Citroën Xsara range this year, opening at 200,000 Yuan for the entry level model, 2.0 litre Xsara five door.

China's car market boomed last year, with sales topping 1 million vehicles for the first time thanks to rising incomes, lower import tariffs and an explosion of new economy models hitting dealerships.

"We plan to control around 12 percent of the domestic car market within the next three to four years and to become the No. 1 carmaker for Chinese families," said Liu Weidong, general manager of Dongfeng Citroën. "We are investing US$120 million in boosting production and launching new models for the Chinese market, providing Citroën with a full range of vehicles for all sectors of our market."

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