Dongfeng Motor Group


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 Peugeot Citroën. It also leased several trademarks from the parent company Dongfeng Motor Corporation since 2005.
Dongfeng Motor Group was ranked 550th in 2017 Forbes Global 2000 List., the market capitalization of its H shares was HK$24.931 billion.

History

Dongfeng Motor Group was incorporated on 18 May 2001 as a special purpose vehicle for debt-to-equity swap of Dongfeng Motor Corporation. 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. In 2003, 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 Dongfeng 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" 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 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

NameChinese namePercentage
Dongfeng Commercial Vehicle东风商用车有限公司55
Dongfeng Liuzhou Motor东风柳州汽车有限公司75
Dongfeng Motor Finance东风汽车财务有限公司100
China Dongfeng Motor Industry Import and Export中国东风汽车工业进出口有限公司
Dongfeng Electrical Vehicle东风电动车辆股份有限公司90.07
Dongfeng Off-road Vehicle东风越野车有限公司100
Dongfeng Special Purpose Commercial Vehicle东风（十堰）特种商用车有限公司75.08
Dongfeng Peugeot Citroen Automobile Sales东风标致雪铁龙汽车销售有限责任公司50
Dongvo Truck东沃卡车有限公司

, Dongfeng Motor Corporation is the largest shareholder for 66.86% shares. It was followed by Standard Chartered, Prudential plc, BlackRock and Edinburgh Partners, all were H share owners and acted as investment managers.