Tuesday, February 27, 2024
HomeBusinessCompaniesDongfeng Motor Corporation

Dongfeng Motor Corporation

Dongfeng Motor Corporation Ltd. is a Chinese state-owned automobile manufacturer headquartered in WuhanHubei. Founded in 1969, it is currently the third largest of the “Big Four” state-owned car manufacturers of China, namely: SAIC MotorFAW Group, Dongfeng Motor Corporation, and Changan Automobile, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively.

Websitewww.dfmg.com.cn

The company develops and markets vehicles under its own branding, such as VenuciaFengduVoyahAeolusForthing, as well as under foreign-branded joint ventures such as Dongfeng-Honda, Dongfeng-Nissan and Dongfeng-Peugeot Citroën (all via subsidiary Dongfeng Motor Group). In 2021, foreign-branded cars took 79% of sales.[5] It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as Voyah.

In addition to commercial and consumer vehicles, it also manufactures parts and cooperates with foreign companies.

Some sources may refer to the company as Dong Feng, use an acronym like DFM, or use the name in conjunction with others when referring to a subsidiary, joint venture, or other associated enterprises such as “Dongfeng Yueda Kia”, for example.

As a state-owned enterprise of China, Dongfeng is controlled and managed by SASAC, which under Chinese law performs the functions of an investor.

Dongfeng Motor Group Co., Ltd. (DMG) history, profile and history video

   Dongfeng Motor Group Co., Ltd. (DMG) is a Chinese holding company headquartered in Wuhan, China.

   Dongfeng Motor Group was incorporated on 18 May 2001 as a particular purpose vehicle for the debt-to-equity swap of its parent company, Dongfeng Motor Corporation, founded in 1969. 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.


   The main business of Dongfeng Motor Group includes R&D, manufacturing and sales of commercial vehicles, passenger cars, engines and other auto parts, as well as auto equipment manufacturing, auto product import and export, logistics services, auto finance, insurance brokerage and used cars.

   The main products include:

  • commercial vehicles (heavy-duty trucks, medium-duty trucks, light-duty trucks, mini-trucks and buses, special vehicles, semi-trailers and automobile engines and parts related to commercial vehicles)
  • passenger vehicles (basic passenger vehicles, MPV and SUV and automobile engines and parts related to passenger cars)
  • high-mobility special off-road vehicles (DFM Warrior, desert off-road and AWD off-road vehicles, etc.)
  • new-energy vehicles (HEV, pure electric and natural gas vehicles)

   Dongfeng Motor Group formed several joint ventures with other foreign automobile makers, namely Luxgen, HondaNissanVolvo and Stellantis (which was created by the merger of Fiat Chrysler Automobiles and Groupe PSA).


   With more than 136,000 employees, Dongfeng Motor Group Co., Ltd. (DMG) is considered one of the Top 2000 Largest Public Companies in the World, according to Forbes. Its parent company, Dongfeng Motor Corporation, is considered one of China’s largest automobile groups.

*Information from Forbes.com, Wikipedia.org, www.dongfeng-global.com and www.dfmg.com.cn.

**Video published on YouTube by “Dongfeng Motor Corporation“.

Follow us on Twitter. Send us a secure tip

- A word from our sponsors -

Most Popular

Previous article
Next article

More from Author

KUPPET Questions Government Directive For Parents To Pay Schools Fees E-Citizen Platform

KUPPET opposes the Government directive for parents to use eCitizen platform to pay...

List of The best AC Repair Companies in Nairobi, Kenya

List of The best AC Repair Companies in Nairobi, Kenya. Air...

LIST OF PROGRAMMES OFFERED AT KAIMOSI FRIENDS UNIVERSITY

LIST OF PROGRAMMES OFFERED AT KAIMOSI FRIENDS UNIVERSITY. Kaimosi Friends University...

- A word from our sponsors -

Bridging Cultures, Building Futures: The Kiige and Emmanuel Initiative for Immigrant Empowerment in Canada

In the heart of Canada's multicultural landscape, Duncan Kiige and Emmanuel, both celebrated public speakers with immigrant backgrounds, have become symbols of hope and transformation for new immigrants. Their recent conference on career and personal development marked a significant milestone in their mission to empower newcomers with...

UGANDAN FIRST LADY AMAZED BY HAMZ NAKIVUBO STADIUM DEVELOPMENT WORKS BY HAMIS KIGGUNDU.

The NRM government is very proud to see the example of our young people begin to build Uganda by putting up projects such as this one. We congratulate Ham Kiggundu for this excellent jobKAMPALA UGANDA| As sports lovers countdown to 2027 when the Nakivubo-based Hamz Stadium will...

Raila’s search for a post with the AU Commission could be a suitable trapdoor or departure.

In Kenyan politics, Raila Odinga has long been a mystery. His international performance? Even when the African Union designated him, he remained debatable.But he said on Thursday that he would run for the position of Chairperson of the African Union Commission. One diplomat tampered with his first...

Court Finds Jowie Irungu Guilty of Monica Kimani’s Murder

In a landmark ruling, Justice Grace Nzioka declared Jowie Irungu guilty of the murder of Monica Kimani. According to Justice Nzioka, the evidence presented convincingly establishes Jowie's culpability in the crime beyond a reasonable doubt.Highlighting the sequence of events, Justice Nzioka outlined how Jowie, armed with a...

KUPPET Questions Government Directive For Parents To Pay Schools Fees E-Citizen Platform

KUPPET opposes the Government directive for parents to use eCitizen platform to pay school fees calls for clear public participation, legislation and policy framework.KUPPET national officials have opposed the move by Government to force parents to use eCitizen platform to pay school fees saying it will be difficult for...

List of best Audiology Services in Nairobi, Kenya

List of best Audiology Services in Nairobi, Kenya. The word audiology is made up of two roots: Audio and Logy. ‘Audio’ refers to ‘hear’ and ‘logy’ to ‘the study of’. In essence, audiology is the study of hearing - as the inner ear is also required...