Dongfeng Motor Group

Not to be confused with Dongfeng Motor Co., Ltd., a joint venture.

Not to be confused with Dongfeng Automobile Company, associate company.

Not to be confused with Dongfeng Motor Corporation, the parent company.

Dongfeng Motor Group Co., Ltd., doing business 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

Trade name	DFG
Formerly	Dongfeng Motor Co., Ltd. Dongfeng Automobile Industry Investment Co., Ltd.
Company type	Public
Traded as	unlisted (A share) SEHK: 489 (H share)
ISIN	CNE100000312
Industry	Automotive
Founded	18 May 2001; 24 years ago (2001-05-18)
Founder	Dongfeng Motor Corporation
Headquarters	Dongfeng Road, Wuhan, Hubei , China
Area served	Worldwide
Production output	2,900,000 (2021) [1]
Brands	Dongfeng Liuzhou Motor Dongfeng Fengshen Dongfeng Mengshi
Revenue	CN¥125.016 billion (2017)
Net income	CN¥014.063 billion (2017)
Total assets	CN¥212.492 billion (2017)
Total equity	CN¥108.201 billion (2017)
Number of employees	146,843 (end 2017)
Parent	SASAC (via Dongfeng Motor Corporation)
Chinese name
Simplified Chinese	东风汽车集团股份有限公司
Traditional Chinese	東風汽車集團股份有限公司
Literal meaning	Dongfeng Motor Group Joint-stock Limited Corporation
Transcriptions Standard Mandarin Hanyu Pinyin Dōngfēng Qìchē Jítuán Gǔfèn Yǒuxiàn Gōngsī
Chinese short name
Simplified Chinese	东风集团
Traditional Chinese	東風集團
Literal meaning	Dongfeng Group
Transcriptions Standard Mandarin Hanyu Pinyin Dōngfēng Jítuán
Website	www.dfmg.com.cn
Footnotes / references in consolidated financial statement; financial figure of the joint ventures were consolidated by equity method;[2] figure of production volume are including joint ventures

Dongfeng Motor Group formed several joint ventures with other foreign automobile makers, namely Luxgen, Honda, Renault-Nissan and Stellantis (which was created by the merger of Fiat Chrysler Automobiles and Groupe PSA). It has also leased several trademarks from the parent company Dongfeng Motor Corporation since 2005.^[3]: 41

Dongfeng Motor Group was ranked 550th in 2017 Forbes Global 2000 List.^[4] As of 30 April 2018^[update], the market capitalization of its H shares (about 33.15% of total share capital ^[3]: 166) was HK$24.931 billion.^[5]

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 Dongfeng Motor Corporation.^[6]: 89 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.^[6]: 89 In 2003, [new] 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 [old] Dongfeng Motor Co., Ltd., was renamed to Dongfeng Automobile Industry Investment.^[6]: 89

In August 2004 Dongfeng Motor Group bought back all the stakes of Dongfeng Motor Group from other stakeholders, for a total of CN¥4.6 billion.^[6]: 98 It also became a "company limited by shares" (Chinese: 股份有限公司, analog of public limited company) in October 2004, with a new name Dongfeng Motor Group.^[6]: 99 The company issued H share and became a listed company on 7 December 2005.^[3][5]

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 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.^[7] In January 2015, Dongfeng Commercial Vehicle was established.^[8]

Subsidiaries

As of 24 December 2023 ^[3]: 2

Name	Chinese name	Percentage
Voyah Automotive Technology Co., Ltd.	岚图汽车科技有限公司	55
Dongfeng Motor Group Co., Ltd. Mengshi Automotive Technology Co., Ltd.	东风汽车集团股份有限公司猛士汽车科技公司	55
Dongfeng Commercial Vehicle	东风商用车有限公司	55[3]: 150
Dongfeng Liuzhou Motor	东风柳州汽车有限公司	75[3]: 150
Dongfeng Motor Finance	东风汽车财务有限公司	100[3]: 150
China Dongfeng Motor Industry Import and Export	中国东风汽车工业进出口有限公司	[3]: 150
Dongfeng Electrical Vehicle	东风电动车辆股份有限公司	90.07[3]: 150
Dongfeng Off-road Vehicle	东风越野车有限公司	100[3]: 150
Dongfeng (Shiyan) Special Purpose Commercial Vehicle	东风（十堰）特种商用车有限公司	75.08[3]: 150
Dongfeng Peugeot Citroën Automobile Sales	东风标致雪铁龙汽车销售有限责任公司	50[3]: 150
Dongvo (Hangzhou) Truck	东沃(杭州)卡车有限公司	[3]: 150

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

Divisions

As of 31 December 2016 ^[3]: 2

• Dongfeng Passenger Vehicle Company
• Dongfeng Research & Development Centre

Joint ventures

As of 27 August 2018

• Dongfeng Motor Co., Ltd. (50%)^[9]
  • Zhengzhou Nissan Automobile (79.65%)^[10]
  • Dongfeng Automobile Co., Ltd. (60.1%)^[9]
    • Dongfeng Cummins Engine (50%)^[9]
• Dongfeng Honda Automobile (50%)^[3]: 153
• Dongfeng Honda Engine (50%)^[3]: 153
• Dongfeng Honda Auto Parts (44%)^[3]: 153
• Dongfeng Peugeot-Citroën Automobile (50%)^[3]: 153
• Dongfeng Peugeot-Citroën Finance (50%)^[3]: 153
• Dongfeng Renault Automobile (50%)^[3]: 153
• Dongfeng Daewoo ECC (50%)^[11]
• Dongfeng Ajin Industrial Co., Ltd. (50%)^[12]

Equity interests

As of 31 December 2016

• Dongfeng Nissan Auto Finance (35%)^[3]: 157
• Stellantis (3.17%)^[13]
• Wuhan Lear-DFM Auto Electric (25%)^[3]: 157

Shareholders

As of 31 December 2016^[update],^[3]: 22 Dongfeng Motor Corporation 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).