Dongfeng Motor Group Co., Ltd.,

doing business as A trade name, trading name, or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is fictitious business name. Registering the fictitious name with ...

DFG, is a Chinese holding company based in

Wuhan Wuhan; is the capital of Hubei, China. With a population of over eleven million, it is the most populous city in Hubei and the List of cities in China by population, eighth-most-populous city in China. It is also one of the nine National cent ...

Hubei Hubei is a province of China, province in Central China. It has the List of Chinese provincial-level divisions by GDP, seventh-largest economy among Chinese provinces, the second-largest within Central China, and the third-largest among inland ...

. Its

H share H shares () refer to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange. Many companies float their shares simultaneously on the Hong Kong market and one of the two mainland Chinese stock excha ...

s 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. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

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

Luxgen Luxgen Motor Co., Ltd. is a northern Taiwanese automotive manufacturer headquartered in Miaoli County, Taiwan, and a wholly owned subsidiary of Yulon, Yulon Motor. Luxgen was founded in 2009, and the company's motto is "Think Ahead." From 2010 t ...

Honda commonly known as just Honda, is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has bee ...

Renault Renault S.A., commonly referred to as Groupe Renault ( , , , also known as the Renault Group in English), is a French Multinational corporation, multinational Automotive industry, automobile manufacturer established in 1899. The company curr ...

Nissan is a Japanese multinational Automotive industry, automobile manufacturer headquartered in Yokohama, Kanagawa, Japan. The company sells its vehicles under the ''Nissan'' and ''Infiniti'' brands, and formerly the ''Datsun'' brand, with in-house ...

and

Stellantis Stellantis N.V. is a multinational automaker formed in 2021 through the Mergers and acquisitions, merger of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group, PSA (Peugeot S.A.) Group. The company's hea ...

(which was created by the merger of

Fiat Chrysler Automobiles Fiat Chrysler Automobiles N.V. (FCA), now part of Stellantis, was an Italian-American multinational corporation primarily known as a manufacturer of Car, automobiles, commercial vehicles, List of auto parts, auto parts and production systems. ...

and

Groupe PSA Peugeot S.A., trading as Groupe PSA () (formerly PSA Peugeot Citroën from 1991 to 2016) was a French multinational automotive manufacturing company which produced automobiles and motorcycles under the Peugeot, Citroën, DS, Opel and Vauxhal ...

). It has also leased several trademarks from the parent company Dongfeng Motor Corporation 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 A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. ''Share ...

) was HK$24.931

billion Billion is a word for a large number, and it has two distinct definitions: * 1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is now the most common sense of the word in all varieties of ...

History

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

special purpose vehicle A special-purpose entity (SPE), also called a special-purpose vehicle (SPV) or a financial vehicle corporation (FVC), is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, speci ...

for debt-to-equity swap of Dongfeng Motor Corporation. The other shareholders were fellow state-owned financial companies China Huarong Asset Management,

China Cinda Asset Management China Cinda Asset Management Co., Ltd., doing business as Cinda or China Cinda, is a Chinese distressed asset management company headquartered in Beijing. The corporation was founded as a state-owned enterprise and a bad bank for China Constru ...

, 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. Dongfeng Motor Company Limited (abb. DFL), most commonly known in English-language sources as Dongfeng Nissan,In Chinese sources, () most commonly refers to Dongfeng Nissan Passenger Vehicle Company, a DFL subsidiary. is a Chinese automobile man ...

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 of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability co ...

) in October 2004, with a new name Dongfeng Motor Group. The company issued

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 The National Development and Reform Commission (NDRC) is the third-ranked executive department of the State Council of the People's Republic of China, which functions as a macroeconomic management agency. Established as the State Planning C ...

. It would acquire some business and assets from the joint venture

In turn

Volvo The Volvo Group (; 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, distribution and sale of truck ...

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

(50%) ** Zhengzhou Nissan Automobile (79.65%) ** Dongfeng Automobile Co., Ltd. (60.1%) *** Dongfeng Cummins Engine (50%) * Dongfeng Honda Automobile (50%) * Dongfeng Honda Engine (50%) * Dongfeng Honda Auto Parts (44%) * Dongfeng Peugeot-Citroën Automobile (50%) * Dongfeng Peugeot-Citroën Finance (50%) * Dongfeng Renault 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

, Dongfeng Motor Corporation is the largest shareholder for 66.86% shares. It was followed by

Standard Chartered Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in th ...

(2.81%),

Prudential plc Prudential plc is a British-domiciled Multinational corporation, multinational insurance and asset management company headquartered in London and Hong Kong. It was founded in London in May 1848 to provide loans to professional and working peop ...

(2.64%),

BlackRock BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager ...

(2.00%) and Edinburgh Partners (1.78%), all were

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