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

Wuhan Wuhan (, ; ; ) is the capital of Hubei, Hubei Province in the China, 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 List of cities in China ...

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 prov ...

. 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 exc ...

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. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

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

Luxgen Luxgen Motor Co., Ltd. is a Taiwanese automotive manufacturer headquartered in Miaoli County, Taiwan, and a wholly owned subsidiary of Yulon Motor. Luxgen was founded in 2009, and the company's motto is "Think Ahead." From 2010 to 2020, Lux ...

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 product ...

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 , trade name, trading as Nissan Motor Corporation and often shortened to Nissan, is a Japanese multinational corporation, multinational Automotive industry, automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan. The company sells ...

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, F ...

since 2005. Dongfeng Motor Group was ranked 550th in 2017 ''Forbes'' Global 2000 List. , the market capitalization of its

H shares 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 exc ...

(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 capita ...

) was

HK$ The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and ...

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 its only current meaning in English. * 1,000,000,000,000, i. ...

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 of

. The other shareholders were fellow state-owned financial companies

China Huarong Asset Management China Huarong Asset Management Co., Ltd. known as just China Huarong () is a majority state-owned financial asset management company in China, with a focus on distressed debt management. It was one of the four asset management companies that the ...

China Cinda Asset Management China Cinda Asset Management Co., Ltd. known as China Cinda or just Cinda is a Chinese merchant bank and asset management company. The corporation was founded as a state-owned enterprise and a bad bank for China Construction Bank in 1999. The ban ...

China Orient Asset Management China Orient Asset Management Co., Ltd. is a Chinese state-owned enterprise. The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China. The bank received shares from debt-to-equity swap of no ...

China Great Wall Asset Management China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

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 m ...

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 the Republic of Ireland. It is a limited liability company ...

) 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 of the People's Republic of China (NDRC), formerly State Planning Commission and State Development Planning Commission, is a macroeconomic management agency under the State Council, which has br ...

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

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 Dongfeng Nengdi (Hangzhou) Motor Co., Ltd. also known as just DND is a Chinese manufacturer of fire trucks. History The company was known as Dongfeng Nissan Diesel Motor Co., Ltd. (), which was a joint venture between the Dongfeng Motor Group an ...

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 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 ava ...

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

is the largest shareholder for 66.86% shares. It was followed by Standard Chartered (2.81%),

Prudential plc Prudential plc is a British Multinational corporation, 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 list ...

(2.64%),

BlackRock BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with trill ...

(2.00%) and

Edinburgh Partners Edinburgh Partners Ltd (EPL) is an independent fund management company based in Edinburgh, Scotland that specialises in Global, International, EAFE, European and Emerging Market equities. Founded independently in 2003, EPL is a wholly owned subs ...

(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