Changan Confirms Year-End Bonuses; Chery Aims for 3.2 Million Sales in 2026; Dongfeng Eyes Turkey Production
Changan Automobile has confirmed a year-end bonus structure of 4.3 months' salary plus 3,000 yuan, with payouts expected by February 10. Meanwhile, Chery Group aims for a sales target of 3.2 million vehicles by 2026, while Dongfeng Motor is exploring passenger-car production in Turkey. Additionally, Autoliv has commenced production at its Shanghai plant, and partnerships are forming to advance technology in the automotive sector.
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Changan Automobile has denied rumors of scrapping year-end bonuses, confirming a bonus structure of 4.3 months' salary plus 3,000 yuan, with payouts expected by February 10. Chery Group has set a sales target of 3.2 million units for 2026, a 14.03% increase from 2025, after selling 2.81 million vehicles in 2025.
Dongfeng Motor is reportedly planning passenger-car production in Turkey, with discussions ongoing for a partnership to establish a local facility. In other news, Autoliv's Phase II project at its Shanghai Jiading plant has started production, enhancing its local manufacturing and smart warehousing capacity.
Schaeffler and Neusoft REACH have signed an agreement to develop a software-hardware platform for software-defined vehicles. Faurecia Hydrogen has secured a 300 million yuan investment from Sinopec Capital to bolster its hydrogen market presence. Additionally, Autoliv and Tensor unveiled the world's first foldable steering wheel for autonomous vehicles.
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