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| DFG | |||||||
| Formerly |
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| Company type | Public | ||||||
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| ISIN | CNE100000312 | ||||||
| Industry | Automotive | ||||||
| Founded | 18 May 2001; 24 years ago (2001-05-18) | ||||||
| Founder | Dongfeng Motor Corporation | ||||||
| Headquarters | Dongfeng Road,, China | ||||||
Area served | Worldwide | ||||||
Production output | |||||||
| Brands | |||||||
| Revenue | |||||||
| Total assets | |||||||
| Total equity | |||||||
Number of employees | 146,843 (end 2017) | ||||||
| Parent | SASAC (viaDongfeng 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 | ||||||
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| Chinese short name | |||||||
| Simplified Chinese | 东风集团 | ||||||
| Traditional Chinese | 東風集團 | ||||||
| Literal meaning | Dongfeng Group | ||||||
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| Website | www | ||||||
| Footnotes / references inconsolidated 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.,doing business asDFG, is a Chinese holding company based inWuhan,Hubei. ItsH shares were listed on theHong Kong stock exchange.
Dongfeng Motor Group formed several joint ventures with other foreign automobile makers, namelyLuxgen,Honda,Renault-Nissan andStellantis (which was created by the merger ofFiat Chrysler Automobiles andGroupe PSA). It has also leased several trademarks from the parent companyDongfeng Motor Corporation since 2005.[3]: 41
Dongfeng Motor Group was ranked 550th in 2017Forbes Global 2000 List.[4] As of 30 April 2018[update], the market capitalization of itsH shares (about 33.15% of totalshare capital [3]: 166 ) wasHK$24.931 billion.[5]
Dongfeng Motor Group (then known as Dongfeng Motor Co., Ltd.) was incorporated on 18 May 2001 as aspecial purpose vehicle fordebt-to-equity swap ofDongfeng Motor Corporation.[6]: 89 The other shareholders were fellow state-owned financial companiesChina Huarong Asset Management,China Cinda Asset Management,China Orient Asset Management,China Great Wall Asset Management andChina 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 andNissan. 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 ofCN¥4.6 billion.[6]: 98 It also became a "company limited by shares" (Chinese:股份有限公司, analog ofpublic limited company) in October 2004, with a new name Dongfeng Motor Group.[6]: 99 The company issuedH share and became a listed company on 7 December 2005.[3][5]
In 2014, the plan to establish Dongfeng Commercial Vehicle was approved by theNational Development and Reform Commission. It would acquire some business and assets from the joint ventureDongfeng Motor Co., Ltd. In turnVolvo acquired 45% stake of Dongfeng Commercial Vehicle from Dongfeng Motor Group. At the same timeDongfeng Nissan Diesel Motor would be a wholly owned subsidiary of Dongfeng Commercial Vehicle.[7] In January 2015, Dongfeng Commercial Vehicle was established.[8]
| 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 |
As of 31 December 2016[update],[3]: 22 Dongfeng Motor Corporation is the largest shareholder for 66.86% shares. It was followed byStandard Chartered (2.81%),Prudential plc (2.64%),BlackRock (2.00%) andEdinburgh Partners (1.78%), all wereH share owners and acted as investment managers (trustees).