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 pr ...

. 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 manufacture ...

- Nissan and Stellantis (which created by the merger of Fiat Chrysler Automobiles and Groupe PSA). 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 (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 capit ...

) 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

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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 Nissan. 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 fre ...

) 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 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%) * Stellantis (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 (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