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Dongfeng Group acquires 75% stake in Dongfeng Peugeot Citroen Financial

On April 12, the joint stock company of Dongfeng Automobile Group (hereinafter referred to as "Dongfeng Automobile Group") announced that the company entered into an equity transfer agreement with PFN and Shenlong Automobile Co., Ltd. (hereinafter referred to as "Shenlong Automobile"). According to the equity transfer agreement, the company agreed to acquire, and PFN and Shenlong Automobile respectively agreed to transfer 25% and 50% of Dongfeng Peugeot Citroe ? n Automotive Finance Co., Ltd. Currently, Dongfeng Automobile Group, PFN and Shenlong Automobile hold 25%, 25% and 50% of Dongfeng Peugeot Citroe ? n Automotive Finance Co., Ltd. After the equity transfer is completed, Dongfeng Automobile Group will acquire 75% of the equity of Dongfeng Peugeot Citroe ? n Financial, and Dongfeng Peugeot Citroe ? n Financial will become a direct wholly-owned subsidiary of the company. Dongfeng Motor Group said it agreed to close the transaction in the second half of 2022, subject to approval from relevant antitrust authorities and banking and financial regulators.

Dongfeng Group acquires 75% stake in Dongfeng Peugeot Citroen Financial

According to the announcement, Dongfeng Peugeot Citroe ? n Financial is mainly engaged in providing automobile loans to dealers, providing automobile consumer credit and other related businesses to individuals and commercial customers. As of the date of the signing of the equity transfer agreement, Dongfeng Peugeot Citroe ? n Financial’s registered capital is RMB 1 billion, which has been fully funded by shareholders according to their respective shareholding ratios.

According to previous reports, Stellantis Group will adjust its business in China, and Shenlong Automobile will adopt the "two rooms and one hall" plan, in which "two rooms" refers to Dongfeng Peugeot will be led by the French side, and Dongfeng Citroen will be led by the Chinese side; "one hall" refers to the sharing of existing commodity planning, technology, quality, industrial production and other public areas. According to relevant reports, Stellantis Group and Dongfeng Automobile will negotiate the shareholding adjustment of Shenlong Automobile. The plan is that the foreign party will hold a 75% stake in Dongfeng Peugeot, and the Chinese party will hold a 75% stake in Dongfeng Citroen. The shareholding of Shenlong Automobile by both parties will remain unchanged at 50:50. However, as of press time, Shenlong’s plan of "two rooms and one living room" has not been announced, but Dongfeng Motor Group’s acquisition of Dongfeng Peugeot Citroen Financial Co., Ltd. cannot be ruled out as part of the plan.

Dongfeng Group acquires 75% stake in Dongfeng Peugeot Citroen Financial

According to the production and sales data released by Dongfeng Motor Group, the sales volume of Shenlong Automobile in March was 10,847 units, an increase of 44.51% compared with 7,506 units in the same period of 2021. The cumulative sales volume in the first quarter was 31,480 units, an increase of 79.49% compared with 17,539 units in the same period of 2021. According to the data of the Passenger Federation, the highest sales volume of Shenlong Automobile in March was Versailles C5X, with 4,700 units, followed by Peugeot 4008 and Peugeot 2008, with sales of 1,294 units and 1,264 units respectively, and other models sold less than 1,000 units. As far as the current situation is concerned, the sales source of Shenlong Automobile basically relies on Versailles C5X, which is the best-selling model of Shenlong Automobile, but the gap between products of the same level is quite a bit.

Dongfeng Group acquires 75% stake in Dongfeng Peugeot Citroen Financial

2022 is the 30th anniversary of the founding of Shenlong Automobile, and it is also a critical moment to determine its fate. Looking back at the history of Shenlong Automobile, there has been a well-known model like Fukang, which once sold 700,000 vehicles a year, making it an uncompromising first-line car brand. However, due to the aging of the product line and the untimely replacement, Shenlong Automobile fell by 15.2%, 36.85%, 32.89%, 55.17% and 55.74% respectively from 2016 to 2020. Sales have declined year-on-year for five consecutive years, and sales have halved for two consecutive years.

In October 2020, Shenlong Automobile released the "Yuan +" plan, starting the road of rejuvenation with the slogan of "more Chinese products, more accurate marketing, more reliable service, and more efficient operation". At present, initial results have been achieved, but there is still a long way to go from its goal. For the new year’s plan, Shenlong Automobile said that 170,000 vehicles will be reached in 2022, and 200,000 vehicles will be challenged. To achieve 200,000 vehicles, the profit will be stable in the future. We will not pursue 500,000 or 700,000 vehicles in the future, but stabilize at 300,000 or 400,000 vehicles. High-quality development, and keeping up with the products behind. From the perspective of the market outlook, the revival of Shenlong Automobile still depends on products, and according to the "Yuan +" plan, Shenlong Automobile will build and launch 14 new models within 5 years to achieve a comprehensive upgrade of the product matrix.

Dongfeng Group acquires 75% stake in Dongfeng Peugeot Citroen Financial

Shenlong Automobile insiders said that although Shenlong Automobile’s sales volume exceeded 100,000 units in 2021, it has not yet turned a profit. It can be said that Shenlong Automobile is still hovering on the line of life and death, at least 200,000 units must be reached to catch a breath. According to data, Shenlong Automobile has sold 31,480 units in the first quarter, and completed the sales target of 170,000 units by 18.5%. For Shenlong Automobile, it may be confident to complete the sales target of 170,000 units, but how to remain competitive in the market after that is still a question for Shenlong Automobile and shareholders of both parties to ponder.

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Dalian Wuling Hongguang PLUS price reduction is coming! The highest profit 4,000, only this time

[Autohome Dalian Discount Promotion Channel] Good news! In the bustling city of Dalian, a striking promotion is underway. Consumers can now enjoy discounts of up to 4,000 yuan on car purchases, further lowering the starting price of this popular model to 63,800 yuan. This is a great opportunity to buy a car. If you want to seize this affordable opportunity, you may wish to click "Chatty Car Price" in the quotation form to get a more favorable car purchase plan.

大连五菱宏光PLUS降价来袭！最高让利0.4万，仅此一次

The design of the Wuling Hongguang PLUS is simple and stylish, with a unique inverted trapezoidal air intake grille on the front face, matched with exquisite chrome decoration, showing a unique recognition. The body lines are smooth, and the overall style is both practical and business-like, showing the characteristics of the Hongguang PLUS as a multi-functional model that combines household and commercial use.

大连五菱宏光PLUS降价来袭！最高让利0.4万，仅此一次

The Wuling Hongguang PLUS shows a unique side charm with its exquisite body proportions. The body size is 4720mm*1840mm*1810mm, and the wheelbase is up to 2800mm, ensuring a spacious and comfortable interior space. The front and rear track are maintained at 1606mm, showing a certain degree of stability. The tire size is 205/65 R16, which not only guarantees driving performance, but also complements the body line. The wheel design is simple and practical, and it is coordinated with the overall style of the body. Together, it creates a solid and dynamic profile of the Wuling Hongguang PLUS.

大连五菱宏光PLUS降价来袭！最高让利0.4万，仅此一次

The interior design of Wuling Hongguang PLUS is mainly practical and simple. It is equipped with a plastic steering wheel, which provides manual up and down adjustment function, which is convenient for the driver to personalize. The center console is equipped with a USB interface, and there is one in the front row, which facilitates the charging and data transmission of passengers’ electronic devices. The seats are made of comfortable fabric, and the main and passenger seats support multi-directional adjustment of the front and rear and backrest to adapt to the needs of different passengers. At the same time, the rear seats support the overall reclining, and the space utilization is extremely high, which makes the loading and riding flexibility fully displayed.

大连五菱宏光PLUS降价来袭！最高让利0.4万，仅此一次

Wuling Hongguang PLUS is equipped with a 1.5T L4 engine, with a maximum power of 147 horsepower and a maximum torque of 250N · m, providing abundant power output for the vehicle. Matching a 6-speed manual transmission makes the driving process smoother and meets different driving needs.

Summarizing the owner’s evaluation, the Wuling Hongguang PLUS won his admiration for its atmospheric and smooth exterior design, as if giving the Chinese Land Rover a sense of majesty. He particularly mentioned the business atmosphere brought by the white body, which obviously met his aesthetic needs and expectations successfully. Therefore, whether it is the first attraction or actual use, the Wuling Hongguang PLUS undoubtedly brings a satisfactory experience to the owner.

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Co-production with the deep blue SL03, Avita 12 will simultaneously launch a pure electric, extended-range dual-power version

　　On August 3, Chongqing Changan Automobile joint stock company and Avita Technology (Chongqing) Co., Ltd. said that Avita 12 will launch a pure electric and extended range dual power version simultaneously.

　　The Avita 12 extended range version will be put into production at Changan Automobile’s Liangjiang No. 1 factory in Chongqing. The same production line models include Avita E16 pure electric (unknown model), Avita E16 extended range version (unknown model) and dark blue C385 (ie dark blue SL03). It is expected that the Avita E12 extended range version will use the same powertrain as the dark blue SL03 extended range version. As a reference, the dark blue SL03 extended range version is equipped with an extended range hybrid system composed of a 1.5L naturally aspirated range extender, a rear single motor, and a lithium iron phosphate battery. Among them, the maximum engine power is 70kW, the maximum motor power is 160kW, the peak torque is 320N · m, the comprehensive cruising range of full oil and full power (MIIT) is 1200km, the battery capacity is 28.39kWh, and the CLTC pure electric cruising range is 200km.

With the deep blue SL03 co-production, Avita 12 will be launched simultaneously pure electric, extended range dual power version _fororder_image001

　　The Avita 12 is positioned as a luxury medium and large new energy car with a wheelbase of 3020mm and a size larger than the Avita 11. It will be available in two- and four-wheel drive versions and is expected to be launched in the third quarter of this year. The new car is equipped with an electronic exterior rearview mirror that was just compliant on July 1. The Avita 12 adopts a similar design to the Avita 11, and the LED light strips on both sides are very distinctive. The body is surrounded by high-order auxiliary ADAS sensors. There are semi-solid-state lidar, millimeter-wave radar, ultrasonic radar and cameras in the front part of the car. The hardware specifications are on par with Huawei’s advanced intelligent driving system ADS 2.0. The lidar position is placed in the back half of the left and right fenders, which is integrated with the black decorative strips; the shape of the The length, width and height of the new car are 5020/1999/1460 (1450) mm, the wheelbase is 3020mm, and the tire specifications are available in 265/45 R20 and 265/40 R21. On the basis of the coupe body, the Avita 12 roof slips down more quickly. The traditional rear windows are cancelled and replaced with the same-color trim and streaming camera. There is also an active lift spoiler on the upper part.

With the deep blue SL03 co-production, Avita 12 will be launched simultaneously pure electric, extended range dual power version _fororder_image002

　　Avita 12 four-wheel drive model is equipped with Huawei DriveONE dual motor system, the maximum power of the front and rear motors is 195kW/230kW respectively; the maximum power of the single motor model is 230kW. Avita 12 is also equipped with a ternary lithium battery pack of Ningde Times, and the pure electric cruising range is unknown. (Graphic: provided by Avita)

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Chengdu Envision price cuts are coming! The latest offer 151,900, discounts wait for no one

[Autohome Chengdu Discount Promotion Channel] brings you the latest information on car discounts. At present, high-profile models are conducting an unprecedented promotion in Chengdu. It is understood that consumers can enjoy a cash discount of up to 55,000 yuan, which further reduces the original starting price to only 151,900 yuan. This undoubtedly provides a rare opportunity for Chengdu consumers who are interested in buying Envision. If you want to seize the opportunity of this price reduction, click "Chatty Car Price" in the quotation form to get a more practical car purchase discount!

成都昂科威降价来袭！最新报价15.19万，优惠不等人

The Envision’s exterior design shows a unique sense of modernity and power. The front face features a family-style flying-wing air intake grille, paired with sharp LED headlights, to create a strong visual impact. The body lines are smooth, and the full body shape conveys a steady and dynamic temperament. The overall style finds a balance between refinement and movement, reflecting both luxury and sporty performance.

成都昂科威降价来袭！最新报价15.19万，优惠不等人

With its streamlined body design, the Envision presents a refined profile. The body size is 4641mm*1883mm*1638mm and the wheelbase reaches 2779mm, creating a spacious interior space and solid driving stability. The side lines are full and powerful, showing a combination of elegance and power. The front and rear tires are 235/55 R18, matching the delicate rim design, which not only provides good grip, but also adds to the vehicle’s sense of movement and visual appeal. Overall, the Envision’s side design is both practical and aesthetic.

成都昂科威降价来袭！最新报价15.19万，优惠不等人

The interior design of Envision is both luxurious and practical, with exquisite craftsmanship and user-friendly layout to complement each other. It uses a high-end leather-wrapped steering wheel for comfortable grip, and supports manual up and down + front and rear adjustment, which is convenient for drivers to adjust according to personal needs. The central control area is equipped with a 30-inch touch screen with clear display and smooth operation. It integrates multimedia system, navigation, telephone, air conditioning and sunroof control to meet the driver’s needs for infotainment.

In terms of seats, Envision uses imitation leather materials to make it comfortable to sit. The main and passenger seats support front and rear adjustment, backrest adjustment and height adjustment to ensure passenger comfort. The rear seats can be reclined proportionally, providing flexible cargo space to meet the travel needs of different scenarios. Whether it is technology configuration or user-friendly design, Envision strives to bring passengers a pleasant driving experience.

成都昂科威降价来袭！最新报价15.19万，优惠不等人

The Envision is equipped with a 1.5T turbocharged engine, which has a maximum power of 155 kilowatts and a torque output of 270 Nm, providing strong power support. This engine is paired with a 9-speed automatic transmission to ensure the vehicle’s smoothness and fuel economy during driving.

Overall, the Autohome owner is full of praise for the Envision. He specifically mentioned that the model’s domineering appearance and elegant connotation are perfectly combined, and the 2.0T variable cylinder technology and 48V light hybrid system at high speed provide excellent performance and fuel economy. In terms of comfort, the owner is full of praise for the quiet experience of the 5-link independent suspension and double laminated glass, as well as the ANC active noise reduction. As the top Ivia version, it is rich and practical, and the OTA remote upgrade of the car system and the convenient service of General OnStar are the icing on the cake. In terms of space, whether it is the passenger’s head and legroom, or the practicality of the storage compartment and trunk, the owner is satisfied. Whether it is practicality or ride experience, the Envision makes car owners @Funny Soul 7152 feel great value for money, making it an ideal choice for their family trips.

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Changchun Hongqi EH7 price reduction news, the latest offer 199,800

[Autohome Changchun Promotion Channel] brings you the latest news: the much-anticipated promotion in Changchun area is launching an unprecedented promotion. This luxury car is currently in a hot selling period, and owners can enjoy up to 30,000 car purchase discounts, which greatly reduces the cost of car purchase. The starting price has been adjusted to an attractive 199,800, which undoubtedly provides consumers with an excellent opportunity to buy a car. To seize this rare opportunity, please click "Check the car price" in the quotation form to get the highest discount for a limited time. Don’t miss this car purchase opportunity, act now!

长春红旗EH7降价消息，最新报价19.98万！现车充足

Looking at the Hongqi EH7 from the side, the body lines are smooth and elegant, highlighting its luxury business positioning. The body size is impressive, with a length of 4980mm, a width of 1915mm, and a height of 1490mm. The wheelbase has reached 3000mm, providing a spacious layout for the interior space. The balanced design of the front wheelbase of 1645mm and the rear wheelbase of 1655mm not only enhances the handling stability, but also adds a harmonious aesthetic to the overall proportions of the vehicle. The tire specification is 245/50 R18, which is paired with a delicate wheel design, which not only provides excellent grip, but also adds a sense of movement and texture to the vehicle’s appearance.

长春红旗EH7降价消息，最新报价19.98万！现车充足

In the interior design of the Hongqi EH7, the perfect fusion of luxury and technology is highlighted. In the cockpit, the steering wheel is made of exquisite leather materials to provide a comfortable grip, support manual up, down and back adjustment, and ensure that the driver’s individual needs are met. The 15.5-inch large central control screen stands in the center, clearly displaying multimedia, navigation and phone information, and integrating automatic speech recognition function to bring convenient interactive experience to the driver.

In the seat part, imitation leather and leather/fur materials are mixed and matched, taking into account comfort and texture. The main driver’s seat has 4-way height adjustment, front and rear adjustment and waist support 4-way adjustment, providing all-round comfort support. The passenger seat also has front and rear adjustment, and the driver’s seat is additionally equipped with electric seat memory function. Whether it is long-distance driving or daily travel, you can feel intimate care.

In terms of interior details, the reasonable distribution of USB and Type-C interfaces meets passengers’ multimedia needs and mobile phone charging needs, and the front row is even equipped with mobile phone wireless charging function, reflecting the importance of technology. The rear seats support proportional reclining, providing greater flexibility for the comfortable space of cargo or passengers. Overall, the interior design of Hongqi EH7 focuses on practicality and luxury, aiming to create a distinguished and comfortable riding environment for passengers.

As a high-performance car, the Hongqi EH7 is equipped with an outstanding engine, with a maximum power of 253 kilowatts and a torque output of 450 Nm, providing the driver with a surging power support and ensuring an excellent driving experience and performance.

Summarizing the experience of car owners, he praised the exterior design of the Hongqi EH7, believing that if the logo can be integrated with the five elements, it will better reflect its new energy identity and surprise passers-by. In fact, this new car has won the favor of most car owners with its unique charm, and they have said that the beautiful appearance and excellent performance of the EH7 are impressive. As Zhang Laojian said, the EH7 is not only a car, but also an unforgettable fashion choice.

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Changan Ford Mondeo E-hybrid version officially listed, sold 18.98-21 9,800 yuan

November 30th news, Changan Ford Mondeo hybrid version (1.5T FHEV) officially launched today. The model is divided into two versions, respectively 18.98 and 219,800 yuan, including the fuel version is 149,800 yuan.

The overall design of the new car is consistent with the 1.5T fuel version model. The biggest difference is that it is equipped with a hybrid system composed of a 1.5T engine and a motor, and the fuel consumption in urban conditions is as low as 3.81L/100km (WLTC).