Dongfeng Automobile Co., Ltd. (abb. DFAC), is a Chinese automobile company based in

Xiangyang Xiangyang is a prefecture-level city in northwestern Hubei province, China and the second largest city in Hubei by population. It was known as Xiangfan from 1950 to 2010. The Han River runs through Xiangyang's centre and divides the city no ...

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 ...

. It is a subsidiary of

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 ...

(DFL) which is a joint venture of

Dongfeng Motor Group Dongfeng Motor Group Co., Ltd. known also as DFG is a Chinese holding company based in Wuhan, Hubei. Its H shares were listed on the Hong Kong stock exchange. Dongfeng Motor Group formed several joint ventures with other foreign automobile make ...

(DFG) and

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 ...

. DFG is majority owned by

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 ...

, a Chinese

state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...

. It makes

light commercial vehicle A light commercial vehicle (LCV) in the European Union, Australia and New Zealand is a commercial carrier vehicle with a gross vehicle weight of no more than 3.5 metric tons (tonnes). The LCV designation is also occasionally used in both Canad ...

s for the Chinese market. It also makes

diesel engine The diesel engine, named after Rudolf Diesel, is an internal combustion engine in which ignition of the fuel is caused by the elevated temperature of the air in the cylinder due to mechanical compression; thus, the diesel engine is a so-call ...

s in a 50-50 joint venture with

Cummins Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes engines, filtration, and power generation products. Cummins also services engines and related equipment, including fuel systems, controls, air ...

, Inc. known as Dongfeng Cummins Engine Co. Ltd. , DFAC is a constituent of small cap index SSE 380 Index.

History

The predecessors of Dongfeng Automobile Company, were a light commercial vehicles factory, an engine factory and a foundryknown as , literally The third foundry of Dongfeng Motor of Dongfeng Motor Corporation,Now known as , was known as and previously . that were located in Xiangyang, Hubei province. Founded in Shiyan in 1969, the ultimate parent company Dongfeng Motor Corporation was headquartered in Wuhan, the provincial capital of Hubei since 2003. However, the headquarter of Dongfeng Automobile Company was remained at Xiangyang. The first factory of Dongfeng Motor in Xiangyang was first built in 1983. Dongfeng Automobile Company Limited (; abb. DFAC) was incorporated as a subsidiary (70% shares) of Dongfeng Motor Corporation on 21 July 1999, the date of receiving the license of incorporation, or 15 July, the date of the first annual general meeting. In the same year the rest of the shares were floated on the

Shanghai Stock Exchange The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...

. The company also signed a leasing agreement with Dongfeng Motor Corporation, regarding the land lease and trademarks. In 2001, the shares held by Dongfeng Motor Corporation were transferred to an intermediate parent company

(; known as Dongfeng Motor Co., Ltd. () at that time), as part of a

debt restructuring 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 ...

. In 2003, the shares were transferred again, to a Sino-Japanese joint venture ew

(). In 2010, it was reported that the company started to built its

electric bus An electric bus is a bus that is propelled using electric motors as opposed to an internal combustion engine. Electric buses can store the needed electricity on-board, or be fed continuously from an external source. The majority of buses s ...

assembly line.

Subsidiaries

;current ;former DFAC acquired 51% stake of Zhengzhou Nissan Automobile () in 2005 for from two other state-owned companies: CITIC Automobile (of

CITIC Group CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping ...

) and Zhengzhou Light Vehicle Works (). DFAC also subscribed a capital increase of Zhengzhou Nissan, for in 2008. On 13 June 2017, DFAC announced to sell Zhengzhou Nissan to the direct parent company Dongfeng Motor Co., Ltd. for about , subject to the approval of

extraordinary general meeting An extraordinary general meeting, commonly abbreviated as EGM, is a meeting of members of an organisation, shareholders of a company, or employees of an official body that occurs at an irregular time.' The term is usually used where the group wou ...

. It was approved on 28 June.

Joint ventures

Dongfeng Cummins Engine Co., Ltd. (; abb. DCEC), a joint venture of

and Dongfeng in Xiangyang (formerly called Xiangfan), was established in 1995. It manufactured heavy duty vehicle engines.

Shareholders

DFAC was majority owned by a joint venture

, making DFAC was indirectly owned by the Chinese Government (via Dongfeng Motor Corporation), the

French State Vichy France (french: Régime de Vichy; 10 July 1940 – 9 August 1944), officially the French State ('), was the fascist French state headed by Marshal Philippe Pétain during World War II. Officially independent, but with half of its terr ...

(via Renault),

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 ...

shareholders of

and other shareholders of

and

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 ...

(via Nissan). The Chinese Government also owned an additional 2.74% shares via their sovereign wealth fund Central Huijin as the second largest shareholder of Dongfeng Automobile Company.

Products

DFAC

The light commercial vehicle products of Dongfeng Automobile Company are sold under the DFAC brand. *Dongfeng DFAC Xiaobawang V *Dongfeng DFAC Xiaobawang W (Suzuki Carry based, later rebranded as Tuyi T3)/ Xiaobawang W08/ Xiaobawang *Dongfeng DFAC Xiaobawang W15 *Dongfeng DFAC Xiaobawang W17 *Dongfeng DFAC Xiaobawang W18 *Dongfeng DFAC Duolika D5/ D6/ D7/ D8 (Nissan Cabstar based) *Dongfeng DFAC Duolika D9/ D9K/ D12 *Dongfeng DFAC Furuika F5/ F6/ F7 *Dongfeng DFAC Furuika R5/ R6/ R7/ R8 *Dongfeng DFAC Lituo T5/ T10/ T15/ T20/ T25

DFAC electric trucks (Captain)

The electric light commercial vehicle products of Dongfeng Automobile Company are Dongfeng Electric Light Trucks sold under the DFAC or Captain（凯普特） brand. *Dongfeng DFAC Captain (Kaipute) K5/ K6/ K6-N/ K7/ K8 *Dongfeng EV200 *Dongfeng EV300 *Dongfeng EV350 *

Dongfeng EV400 The Dongfeng EV400 or DFAC Captain EV400 is an electric light, commercial logistics van designed and produced by the Chinese automaker Dongfeng Automobile Company Dongfeng Automobile Co., Ltd. (abb. DFAC), is a Chinese automobile company bas ...

*Dongfeng EV450 *Dongfeng EV500 *

Dongfeng E-Star The Dongfeng E-Star is an electric urban distribution truck manufactured by Dongfeng Motor Corporation under the "Captain" EV series of the DFAC Dongfeng Automobile Company Dongfeng Automobile Co., Ltd. (abb. DFAC), is a Chinese automobile co ...

Yufeng series

The electric commercial vans of Dongfeng Automobile Company are mainly developed for the logistics industry and are mainly rebadged variants of gasoline-powered vans sold under the Yufeng series. The

Dongfeng Yufeng The Dongfeng Yufeng (东风御风) or Dongfeng E-Travel is a light commercial van produced by the Chinese automaker Dongfeng Dongfeng is the romanization of several Chinese names of which most notably "East Wind" (); it may refer to: People's ...

was originally a full size van, which later spawned an electric variant called the Yufeng EM19 which became the start of the Yufeng series. *

Dongfeng Yufeng EA100 The Dongfeng Yufeng (东风御风) or Dongfeng E-Travel is a light commercial van produced by the Chinese automaker Dongfeng Dongfeng is the romanization of several Chinese names of which most notably "East Wind" (); it may refer to: People's ...

Dongfeng Yufeng EM19 The Dongfeng Yufeng (东风御风) or Dongfeng E-Travel is a light commercial van produced by the Chinese automaker Dongfeng Dongfeng is the romanization of several Chinese names of which most notably "East Wind" (); it may refer to: People's ...

Dongfeng Yufeng EM26 The Kama Ruijie () is a series of vans and trucks produced since November 2019 by Kama Automobile Company (山东凯马汽车制造有限公司). The Ruijie is available as the V and S series, with bodystyles including the V16 pickup and S6 se ...

Vasol (Dongfeng Huashen)

The light commercial vehicle products of Dongfeng Automobile Company are sold under the Dongfeng Automobile Company subsidiary, Vasol (Dongfeng Huashen)（东风华神）brand. * Dongfeng Huashen Tianlai *Dongfeng Huashen T1 *Dongfeng Huashen T5 *Dongfeng Huashen T7 *Dongfeng Huashen F5 *Dongfeng Teshang *Dongfeng Jingying

Footnotes

References

External links

* {{Automotive industry in the People's Republic of China Truck manufacturers of China Dongfeng Motor joint ventures Engine manufacturers of China Xiangyang Companies based in Hubei Companies listed on the Shanghai Stock Exchange