New China Airlines Increases Passenger Car Business


After the China Aerospace Automotive Industry Co., Ltd. (hereinafter referred to as AVIC) was unveiled in Beijing for six months, the new AVIC automotive business, which has received much attention, has finally come to light.

Not long ago, the Xiwo 900 passenger car independently developed by Xi'an XiWo Bus Co., Ltd., jointly established by AVIC Xi'an and Sweden Volvo Bus Company, went offline. This is the first move of AVIC's automotive business. Senior executives of China Aviation Industry Corporation, such as Shuguang, and other senior AVIC executives all attended the event.

At the meeting, Dawning revealed: "According to the AVIC Group's automotive industry development plan, by 2017, our automotive industry (referring to special vehicles, such as passenger cars, etc.) will achieve sales revenue of 30 billion yuan." The person in charge said that the auto business segment directly affects the future achievement of the trillion yuan target of AVIC, and is a pillar industry in AVIC's non-aviation civilian products. By 2017, AVIC's sales of non-aviation products will reach around 400 billion yuan, while automobiles (including mini cars, passenger cars, minivans, and electric vehicles) will account for about 200 billion yuan.

Shuguang said: "Xivo Corporation, as a company engaged in R&D and manufacturing of high-end passenger vehicles in the automotive sector of AVIC, is an integral part of the AVIC Group's strategy for the development of automobiles. At present, large passenger vehicles have been formally included in the Group Corporation's automobile. Industrial development planning."

Mr. Meng Xiangkai, president of AVIC Xifei and chairman of Xiwo, revealed that AVIC Xi'an has indeed formulated a new development plan: “AVIC Xi’an will develop the automobile as a pillar product, develop and produce more models. In 2014, it will reach an annual production target of 4,000 cars, of which the self-owned brand products will account for 60% of the company's sales."

Meng Xiangkai introduced: "The Xiwo 900 passenger car is a major breakthrough in the brand building of independent intellectual property rights of Xiwo Company. Under the standard of similar passenger car, the price is only about half that of the similar passenger car." This also means that it has been dedicated Xiwo, which is engaged in the production of high-end passenger cars, began to shift to the full range of mid-end models.

At the same time, the cooperation between AVIC Xi'an and Volvo Buses has begun to deepen. Joost's general manager Joost mentioned that the cooperation between Volvo Buses and XAC is deepening. He will introduce more models in the future and will regard Xiwo as a global key cooperation base. Vigorously support Xiwo's export business.



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