It is learned from the report that Dongfeng Group achieved sales of approximately 2.0882 million vehicles in the current period, a year-on-year decrease of approximately 15.3%, sales revenue of approximately RMB 99.315 billion, gross profit margin of 9.5%, and losses attributable to shareholders of approximately RMB 3.996 billion.

Among them, Dongfeng Group’s independent passenger car business sold approximately 347,400 units, a year-on-year decrease of 30.2%. The sales structure and income level continued to improve, and the gross profit margin of the independent passenger car business increased by 3.1 percentage points; due to the survival space of the joint venture non-luxury passenger car market Affected by the severe squeeze and continued decline in market share, the group’s joint venture business adopted flexible business policies and pricing strategies to actively recover from the impact of the continued decline in the joint venture’s non-luxury market share. The sales volume of the joint venture business in this period was approximately 1.3974 million units, a year-on-year decrease About 156%.

In addition, Dongfeng Group’s commercial vehicle business sales in the current period were approximately 343,400 units, a year-on-year increase of approximately 10.3%. Sales of new energy vehicles were approximately 348,000 units, a year-on-year increase. The sales volume of the high-end brand Voyah stood at 50,000 units, a year-on-year increase of 159.1%, with a transaction price of more than 250,000 RMB; the new model Warrior 917 sold more than 1,000 units, with a transaction price of more than 700,000 RMB, and Yijie sold 75,000 units.

Dongfeng Group stated that its overall sales target in 2024 is 2.7 million vehicles, an increase of approximately 29% compared to 2023 sales. With the continuous optimization of the group’s strategic layout, transformation breakthroughs, brand improvement, and the orderly and gradual launch of new models, the passenger car sales target is 2.28 million units, a year-on-year increase of 30%. As the group’s commercial vehicle business integration accelerates, the layout of gas vehicles, new energy vehicles, and high-horsepower models gradually shows strength. The commercial vehicle sales target is 420,000 units, a year-on-year increase of 22%.

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Voyah Motors stated that it plans to gradually build diversified sales and display channels in the Norwegian market, including flagship stores, experience centers, exhibition spaces, pop-up stores and online displays.

As a high-end new energy brand of Dongfeng Group, Voyah Automobile announced on November 18 that it has completed the signing and delivery of the A-round leading financing agreement. Voyah Automobile has raised nearly 5 billion CNY in this round of financing, and the market valuation after financing is nearly 30 billion CNY. Voyah Automobile said that this round of financing is the largest first round of financing in China’s new energy vehicle industry so far.

Voyah Automobile is a car company with dual layout of ESSA native intelligent electric architecture and centralized SOA electronic and electrical architecture. Based on Voyah’s ESSA and SOA architecture, Voyah has also laid out technologies such as solid-state batteries, hydrogen power, and autonomous driving above L4 level.

In February 2022, Voyah Automobile officially announced its entry into the European market, and its first stop was in Norway. September Voyah Free is officially shipped to Norway, and will be officially delivered to Norwegian users at the end of this month. In the next step, following the Norwegian market, Voyah Dreamer will also be officially launched in the European market from 2023, and Voyah Automobile will also enter Sweden, the Netherlands, Denmark, and Israel.

Delivery data shows that in October 2022, Voyah delivered a total of 2,553 new cars, a year-on-year increase of 154%. Since June this year, it has maintained a month-on-month growth for five consecutive months, and the average price of a single car has exceeded 382,000 CNY. Since August 2021, the Voyah brand has delivered a total of 22,963 vehicles.

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