GUANGZHOU -- Dongfeng Motor Group has logged its first full-year net loss since the major state-owned Chinese automaker's 2005 listing in Hong Kong, dragged down by plunging profits from joint ventures with Japanese partners.
Automobiles
Dongfeng posts first net loss as ventures with Japan carmakers slump
Lineups heavy on conventional vehicles struggle as China market shifts to EVs
Dongfeng aims in 2024 to boost sales by improving brand power and launching new models. (Photo by Shizuka Tanabe)
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