Dongfeng Motor Group Co., Ltd. known also as DFG is a Chinese holding company based in

Wuhan Wuhan (, ; ; ) is the capital of Hubei Province in the People's Republic of China. It is the largest city in Hubei and the most populous city in Central China, with a population of over eleven million, the ninth-most populous Chinese city a ...

Hubei Hubei (; ; alternately Hupeh) is a landlocked province of the People's Republic of China, and is part of the Central China region. The name of the province means "north of the lake", referring to its position north of Dongting Lake. The p ...

. Its H shares were listed on the

Hong Kong stock exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is rep ...

. Dongfeng Motor Group formed several joint ventures with other foreign automobile makers, namely Luxgen,

Honda is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan. Honda has been the world's largest motorcycle manufacturer since 1959, reaching a producti ...

Renault Groupe Renault ( , , , also known as the Renault Group in English; legally Renault S.A.) is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured ...

Nissan , trading as Nissan Motor Corporation and often shortened to Nissan, is a Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan. The company sells its vehicles under the Nissan, Infiniti, and Datsun bra ...

and

Stellantis Stellantis N.V. is a multinational automotive manufacturing corporation formed in 2021 on the basis of a 50–50 cross-border merger between the Italian-American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. The comp ...

(which created by the merger of

Fiat Chrysler Automobiles Fiat Chrysler Automobiles N.V. (FCA) was an Italian-American multinational corporation primarily known as a manufacturer of automobiles, commercial vehicles, auto parts and production systems. The Italian holding company Exor was the largest ...

and

Groupe PSA The PSA Group (), legally known as Peugeot S.A. (Peugeot Société Anonyme, trading as Groupe PSA; formerly known as PSA Peugeot Citroën from 1991 to 2016) was a French multinational automotive manufacturing company which produced automobiles ...

). It also leased several trademarks from the parent company

Dongfeng Motor Corporation Dongfeng Motor Corporation Ltd. is a Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei. Founded in 1969, it is currently the third largest of the " Big Four" state-owned car manufacturers of China, namely: SAIC Motor, ...

since 2005. Dongfeng Motor Group was ranked 550th in 2017 ''Forbes'' Global 2000 List. , the market capitalization of its H shares (about 33.15% of total share capital) was HK$24.931 billion.

History

Dongfeng Motor Group (then known as Dongfeng Motor Co., Ltd.) was incorporated on 18 May 2001 as a special purpose vehicle for

debt-to-equity swap Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue ...

. The other shareholders were fellow state-owned financial companies China Huarong Asset Management, China Cinda Asset Management, China Orient Asset Management, China Great Wall Asset Management and China Development Bank for a total of 42.86% stake. In 2003, ew Dongfeng Motor Co., Ltd. was incorporated as a joint venture of Dongfeng Motor Group and

. Dongfeng Motor Group, at that time still known as ldDongfeng Motor Co., Ltd., was renamed to Dongfeng Automobile Industry Investment. In August 2004 Dongfeng Motor Group bought back all the stakes of Dongfeng Motor Group from other stakeholders, for a total of . It also became a "company limited by shares" (, analog of

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be fr ...

) in October 2004, with a new name Dongfeng Motor Group. The company issued H share and became a listed company on 7 December 2005. In 2014 the plan to establish Dongfeng Commercial Vehicle was approved by the National Development and Reform Commission. It would acquire some business and assets from the joint venture Dongfeng Motor Co., Ltd. In turn

Volvo The Volvo Group ( sv, Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distributio ...

acquired 45% stake of Dongfeng Commercial Vehicle from Dongfeng Motor Group. At the same time Dongfeng Nissan Diesel Motor would be a wholly owned subsidiary of Dongfeng Commercial Vehicle. In January 2015, Dongfeng Commercial Vehicle was established.

Subsidiaries

* Dongfeng (Wuhan) Engineering Consulting * Dongfeng Motor Investment (Shanghai) * Dongfeng Getrag Automobile Transmission * Honda Motor (China) Investment

Divisions

* Dongfeng Passenger Vehicle Company * Dongfeng Research & Development Centre

Joint ventures

* Dongfeng Motor Co., Ltd. (50%) ** Zhengzhou Nissan Automobile (79.65%) ** Dongfeng Automobile Co., Ltd. (60.1%) *** Dongfeng Cummins Engine (50%) *

Dongfeng Honda Dongfeng Honda Automobile Co., Ltd. is an automobile manufacturing company headquartered in Wuhan, China, and a 50:50 joint-venture between Dongfeng Motor Group and Honda Motor Company. It currently produces a variety of Honda models also avail ...

Automobile (50%) * Dongfeng Honda Engine (50%) * Dongfeng Honda Auto Parts (44%) *

Dongfeng Peugeot-Citroën Dongfeng Peugeot-Citroën, formerly Dongfeng Peugeot-Citroën Automobile Co., Ltd. (DPCA) from 1992 to 2021, is an equally owned Chinese joint venture between the automobile manufacturers Dongfeng Motor Corporation and Stellantis (known as PSA ...

Automobile (50%) * Dongfeng Peugeot-Citroën Finance (50%) *

Dongfeng Renault Dongfeng Renault Automobile Company (DRAC) or Dongfeng Renault was an equally owned Chinese joint venture between car manufacturers Dongfeng Motor Group and Renault aimed to produce and sell Renault-badged vehicles, established in 2013. The join ...

Automobile (50%) *Dongfeng Daewoo ECC (50%) *Dongfeng Ajin Industrial Co., Ltd. (50%)

Equity interests

* Dongfeng Nissan Auto Finance (35%) *

(3.17%) * Wuhan Lear-DFM Auto Electric (25%)

Shareholders

is the largest shareholder for 66.86% shares. It was followed by

Standard Chartered Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 9 ...

(2.81%),

Prudential plc Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual primary listings on the London Stock E ...

(2.64%), BlackRock (2.00%) and Edinburgh Partners (1.78%), all were H share owners and acted as investment managers (trustees).

References

External links

* {{Dongfeng Motor Companies formerly in the Hang Seng China Enterprises Index Car manufacturers of China Dongfeng Motor divisions and subsidiaries Companies listed on the Hong Kong Stock Exchange H shares Truck manufacturers of China