Dongfeng Motor Group
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DFG | |||||
Formerly |
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Type | Public | ||||
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ISIN | CNE100000312 | ||||
Industry | Automotive | ||||
Founded | 18 May 2001 | ||||
Founder | Dongfeng Motor Corporation | ||||
Headquarters | Dongfeng Road, Wuhan , China | ||||
Area served | Mainland China | ||||
Production output | ![]() | ||||
Brands |
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Revenue | ![]() | ||||
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Total assets | ![]() | ||||
Total equity | ![]() | ||||
Owner |
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Number of employees | 146,843 (end 2017) | ||||
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, Company Limited by Shares | ||||
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Chinese short name | |||||
Simplified Chinese | 东风集团 | ||||
Traditional Chinese | 東風集團 | ||||
Literal meaning | Easterly Wind Group | ||||
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Website | www | ||||
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 Co., Ltd. known also as DFG is a Chinese holding company based in Wuhan, Hubei Province. Its H shares were listed on the Hong Kong stock exchange.
Dongfeng Motor Group formed several joint ventures with other foreign automobile makers, namely Luxgen, Honda, Renault-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 since 2005.[3]:41
Dongfeng Motor Group was ranked 550th in 2017 Forbes Global 2000 List.[4] As of 30 April 2018, 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, 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 31 December 2016 [3]:2
Name | Chinese name | Percentage |
---|---|---|
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 (5.6%)[13]
- Wuhan Lear-DFM Auto Electric (25%)[3]:157
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As of 31 December 2016,[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).
References[]
- ^ "Report on Production and Sales Volume of Dongfeng Motor Group for December 2017" (PDF) (Press release). Dongfeng Motor Group. 12 January 2018. Retrieved 13 May 2018 – via Hong Kong Exchanges and Clearing website.
- ^ "2017 Annual Report" (PDF). Dongfeng Motor Group. 27 April 2018. Retrieved 12 May 2018 – via Hong Kong Exchanges and Clearing website.
- ^ Jump up to: a b c d e f g h i j k l m n o p q r s t u v w "2016 Annual Report" (PDF). Dongfeng Motor Group. 27 April 2017. Archived (PDF) from the original on 28 July 2017. Retrieved 28 July 2017.
- ^ "Dongfeng Motor Group on the Forbes Growth Champions List". forbes.com. Archived from the original on 2 September 2017. Retrieved 25 April 2018.
- ^ Jump up to: a b c d e Prospectus. Dongfeng Motor Group. 24 November 2005. Archived from the original on 29 July 2017. Retrieved 29 July 2017.
- ^ "东风汽车集团股份有限公司和沃尔沃集团重组东风商用车业务项目通过核准" (Press release) (in Chinese). National Development and Reform Commission. 7 January 2014. Archived from the original on 29 July 2017. Retrieved 29 July 2017.
- ^ "Dongfeng Commercial Vehicles Co., Ltd. Joint Venture Officially Established" (Press release). Dongfeng Motor Group. 28 January 2015. Archived from the original on 2 August 2017. Retrieved 30 July 2017.
- ^ Jump up to: a b c "2016 Annual Report" (PDF) (in Chinese). Dongfeng Automobile Co., Ltd. 15 April 2017. Archived (PDF) from the original on 28 July 2017. Retrieved 28 July 2017.
- ^ "关于转让控股子公司郑州日产股权的关联交易公告" (PDF) (in Chinese). Dongfeng Automobile Company. 1 June 2017. Archived (PDF) from the original on 28 July 2017. Retrieved 28 July 2017.
- ^ "아진산업(주)-대우전자부품(주), 중국 2위 동풍자동차그룹과 합자기업 설립의향서 체결". www.ytn.co.kr (in Korean). Retrieved 2018-10-16.
- ^ "Ajin Industrial to set up joint company with Dongfeng Industrial - MarkLines Automotive Industry Portal". www.marklines.com. Retrieved 2018-10-16.
- ^ "Stellantis: cos'è, chi comanda, modelli e le possibili strategie per il futuro" (in Italian). HDnetwork s.r.l. Archived from the original on 17 January 2021. Retrieved 17 January 2021.
External links[]
- 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