Dongfeng Automobile Company

Last updated
Dongfeng Automobile Company
DFAC
Company type Public
ISIN CNE000000ZT3
IndustryAutomobile
Founded21 July 1999;24 years ago (1999-07-21)
Founder Dongfeng Motor Corporation
Headquarters
Xiangyang, Hubei
,
China
Products Light commercial vehicle
Production output
Increase2.svg 201,449 units (2017)
RevenueIncrease2.svg CN¥18.301  billion  (2017)
Decrease2.svg CN¥00201 million (2017)
Total assets Decrease2.svg CN¥17.788 billion (2017)
Total equity Increase2.svg CN¥06.700 billion (2017)
Owner Dongfeng Motor Co., Ltd. (60.1%)
Number of employees
6,624 (2017)
Parent Dongfeng Motor Co., Ltd.
Chinese name
Simplified Chinese 东风汽车股份有限公司
Traditional Chinese 東風汽車股份有限公司
Literal meaningDongfeng Motor Joint-stock Limited Corporation
former

DFAC acquired 51% stake of Zhengzhou Nissan Automobile (Chinese :郑州日产汽车有限公司) in 2005 for CN¥352 million from two other state-owned companies: CITIC Automobile (of CITIC Group) and Zhengzhou Light Vehicle Works (Chinese :郑州轻型汽车制造厂). [7] DFAC also subscribed a capital increase of Zhengzhou Nissan, for CN¥530 million in 2008. [8] On 13 June 2017, DFAC announced to sell Zhengzhou Nissan to the direct parent company Dongfeng Motor Co., Ltd. for about CN¥788 million, subject to the approval of extraordinary general meeting. [8] [9] It was approved on 28 June. [10]

Joint ventures

Dongfeng Cummins Engine Co., Ltd. (Chinese :东风康明斯发动机有限公司; abb. DCEC), a joint venture of Cummins and Dongfeng in Xiangyang (formerly called Xiangfan), was established in 1995. [11] It manufactured heavy duty vehicle engines. [12]

Shareholders

As of 31 December 2017 [1]

DFAC was majority owned by a joint venture Dongfeng Motor Co., Ltd., making DFAC was indirectly owned by the Chinese Government (via Dongfeng Motor Corporation), the French State (via Renault), H share shareholders of Dongfeng Motor Group and other shareholders of Nissan and Renault (via Nissan).

The Chinese Government also owned an additional 2.74% shares via their sovereign wealth fund Central Huijin as the second largest shareholder of Dongfeng Automobile Company.

Products

DFAC

The light commercial vehicle products of Dongfeng Automobile Company are sold under the DFAC brand.

DFAC electric trucks (Captain)

The electric light commercial vehicle products of Dongfeng Automobile Company are Dongfeng Electric Light Trucks sold under the DFAC or Captain (凯普特) brand. [13]

Yufeng series

The electric commercial vans of Dongfeng Automobile Company are mainly developed for the logistics industry and are mainly rebadged variants of gasoline-powered vans sold under the Yufeng series. The Dongfeng Yufeng was originally a full size van, [14] which later spawned an electric variant called the Yufeng EM19 which became the start of the Yufeng series.

Vasol (Dongfeng Huashen)

The light commercial vehicle products of Dongfeng Automobile Company are sold under the Dongfeng Automobile Company subsidiary, Vasol (Dongfeng Huashen) (东风华神) brand.

Footnotes

  1. ↑ known as 东风汽车公司铸造三厂, literally The third foundry of Dongfeng Motor
  2. ↑ Now known as 东风汽车集团有限公司, was known as 东风汽车公司 and previously 第二汽车制造厂.

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References

  1. 1 2 3 4 5 6 7 "2017 nián nián dù bào gào" 2017年年度报告 [2017 Annual Report](PDF) (in Chinese (China)). Dongfeng Automobile Company. 31 March 2018. Retrieved 13 May 2018– via Shanghai Stock Exchange.
  2. ↑ "Constituents List" (Microsoft Excel) (in Chinese and English). China Securities Index. 11 May 2018. Retrieved 13 May 2018.
  3. 1 2 3 4 "Dōng fēng qì chē gǔ fèn yǒu xiàn gōng sī shàng shì gōng gào shū" 东风汽车股份有限公司上市公告书 (Press release) (in Chinese (China)). Dongfeng Automobile Company. 22 July 1999. Retrieved 13 May 2018– via sohu.com.
  4. 1 2 "Dōng fēng qì chē lì shǐ yán gé" 东风汽车历史沿革 [Brief history of Dongfeng Motor]. ifeng.com (in Chinese (China)). 31 August 2010. Retrieved 13 May 2018.
  5. ↑ "Dōng fēng qì chē zǒng bù jīn nián nèi jiāng qiān zhì wǔ hàn" 东风汽车总部今年内将迁至武汉. 长江日报 (in Chinese (China)). 14 January 2003. Retrieved 13 May 2018– via china.com.cn.
  6. ↑ "Dōng fēng zhù tuī xiāng fán dǎ zào xīn néng yuán qì chē chǎn yè jī dì" 东风助推襄樊打造新能源汽车产业基地. 湖北日报 (in Chinese (China)). 5 June 2010. Retrieved 13 May 2018– via sohu.com.
  7. ↑ "2005 nián nián dù bào gào" 2005年年度报告 [2005 Annual Report](PDF) (in Chinese). Dongfeng Automobile Company. 24 March 2006. Retrieved 28 July 2017– via Shanghai Stock Exchange.
  8. 1 2 "Guān yú zhuǎn ràng kòng gǔ zǐ gōng sī zhèng zhōu rì chǎn gǔ quán de guān lián jiāo yì gōng gào" 关于转让控股子公司郑州日产股权的关联交易公告 (PDF) (Press release) (in Chinese (China)). Dongfeng Automobile Company. 1 June 2017. Retrieved 28 July 2017– via Shanghai Stock Exchange.
  9. ↑ "Dōng fēng bǎn kuài tiáo zhěng: Yù lóng guǎn lǐ tuán duì chè chū bō lí zhèng zhōu rì chǎn zī chǎn" 东风板块调整：裕隆管理团队撤出 剥离郑州日产资产. 新京报 (in Chinese (China)). 26 June 2017. Retrieved 13 April 2018– via Sina news portal.
  10. ↑ "2017 Nián dì èr cì lín shí gǔ dōng dà huì jué yì gōng gào" 2017年第二次临时股东大会决议公告 (PDF) (Press release) (in Chinese (China)). Dongfeng Automobile Company. 29 June 2017. Retrieved 28 July 2017– via Shanghai Stock Exchange.
  11. ↑ Engardio, Pete; Arndt, Michael (22 August 2005). "How Cummins Does It: The engine maker runs different game plans in India and China". Businessweek. Archived from the original on 18 April 2011. Retrieved 13 May 2018.
  12. ↑ "Introduction". Dongfeng Automobile Company. Retrieved 13 May 2018.
  13. ↑ "东风电动轻卡". 360che. Retrieved 21 January 2021.
  14. ↑ "东风汽车-御风".
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