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Sales volume plunged from 7.3 billion! China car companies have fully withdraw from the joint venture

via:快科技     time:2021/11/20 17:00:54     readed:95

Dongfeng exited Dongfeng Yueda Kia, finally had clear news.

Report, according to media reports,The Shanghai Joint Property Exchange has hanged the transfer information of 25% equity of Dongfeng Yueda Kia Automobile Co., Ltd., the transfer price of 297 million yuan, the transfer of Dongfeng Automobile Group Co., Ltd.


The publication shows that the current Dongfeng Yueda Kia is divided by Kia Co., Ltd., Jiangsu Yueda Investment Co., Ltd., and Dongfeng Automobile Group holds 50%, 25%, 25% respectively.

In the outside world, Dongfeng Yueda Kia has declined in recent years, and the performance of operating losses is the key to the transfer of equity in the resolution of Dongfeng Automobile Group.

Data show that in 2014 - 2016, Dongfeng Yueda has handed over more than 600,000 annual sales for 3 consecutive years.However, after 2017, the market situation of this joint venture car company was delayed, and the sales volume declined, and the annual sales of 2020 were less than 250,000.

In the first few months of this year, Dongfeng Yueda Kia has sold less than 120,000 new cars, which fell 17.63% from the same period last year.

Long-term sluggish market performance will inevitably drag the financial situation of Dongfeng Yueda Kia.

According to the listing information,In 2020, Dongfeng Yueda Kia lost 4.75 billion yuan, 10 months before this year, Dongfeng Yueda Kia lost 2.612 billion yuan.According to the assessment report of Zhongjing Credit (Beijing) Asset Assessment Co., Ltd., as of March 31 this year, Dongfeng Yueda's net assets were 350 million yuan, and the assessment value was 1188 million yuan.


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