A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.
Dongfeng Motor Company Limited, most commonly known in English-language sources as Dongfeng Nissan, is a Chinese automobile manufacturing company headquartered in Wuhan, Hubei. It is a 50–50 joint-venture between Dongfeng Motor Group and Nissan Motors. It produces passenger cars under the Nissan marque and commercial vehicles under the Dongfeng marque.
Dongfeng Honda Automobile Co., Ltd. is an automobile manufacturing company headquartered in Wuhan, China, and a 50:50 joint-venture between Dongfeng Motor Group and Honda Motor Company. It currently produces a variety of Honda models also available in other markets and a handful of China-only products. The company sells vehicles under the Honda and Ciimo marques.
Dongfeng Automobile Co., Ltd. is a Chinese automobile company based in Xiangyang, Hubei. It is a subsidiary of Dongfeng Motor Co., Ltd. (DFL) which is a joint venture of Dongfeng Motor Group (DFG) and Nissan. DFG is majority owned by Dongfeng Motor Corporation, a Chinese state-owned enterprise.
Dongfeng Peugeot-Citroën, formerly Dongfeng Peugeot-Citroën Automobile Co., Ltd. (DPCA) from 1992 to 2021, is an equally owned Chinese joint venture between the automobile manufacturers Dongfeng Motor Corporation and Stellantis. Based in Wuhan, capital of Hubei province, it manufactures Peugeot and Citroën models for sale in China.
GAC Changfeng Motor Co Ltd is a Chinese automobile manufacturer wholly owned by GAC Group but which originated as a branch of the People's Liberation Army. Changfeng produced mainly light trucks, and as of 2008 the majority of their sales had been to the Chinese state.
Guangzhou Automobile Group Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.
Dongfeng Motor Group Co., Ltd., doing business as DFG, is a Chinese holding company based in Wuhan, Hubei. Its H shares were listed on the Hong Kong stock exchange.
Everus is a car marque of GAC Honda, a joint venture between Honda and Guangzhou Automobile Group. Honda became the first foreign automaker to develop vehicles under a brand owned by its local joint venture automaker in China. Li Nian launched its first car, the S1 at the Shanghai Auto Show in April 2011.
GAC Honda Automobile Co., Ltd. is a Chinese automobile manufacturing joint venture company based in Guangzhou, Guangdong province.
Dongfeng Motor Corporation Ltd. is a Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei. Founded in 1969, it is currently the smallest of the "Big Four" state-owned car manufacturers of China with 671,000 sales in 2023, below SAIC Motor, Changan Automobile and FAW Group.
The Guangzhou Peugeot Automobile Company (GPAC) is a former automobile manufacturer located in Guangzhou, China. It was a joint venture between the Guangzhou municipal government and the Peugeot brand of the French automobile manufacturer PSA Peugeot Citroën.
Dongfeng Renault Automobile Company (DRAC) or Dongfeng Renault was an equally owned Chinese joint venture between car manufacturers Dongfeng Motor Group and Renault aimed to produce and sell Renault-badged vehicles, established in 2013. The joint venture emerged from Sanjiang Renault, a previous partnership between Renault and Sanjiang Space established in 1993. Renault announced it planned to withdraw from the joint venture in April 2020.
Seres Group (赛力斯集团股份有限公司) is a Chinese automotive manufacturer founded in September 1986 with headquarters in Chongqing, China. Born as a manufacturer of components for household appliances and shock absorbers, it currently produces cars, motorcycles and commercial vehicles as well as shock absorbers and internal combustion engines. In 2022, the company renamed to Seres Group from Sokon Group. It operates through its subsidiaries Seres, DFSK Motor, XGJAO Motorcycle and Yu'an Shock Absorber Company.
GAC Aion New Energy Automobile Co., Ltd., trading as GAC Aion is a Chinese electric vehicle manufacturer headquartered in Guangzhou, China. A subsidiary of GAC Group, it was established in 2017 as the GAC New Energy Automobile. Its current name was adopted in November 2020. It produces battery electric vehicles under the eponymous Aion brand and the Hyptec brand.
The Honda Avancier is a mid-size crossover SUV produced by Guangqi Honda, a joint venture between Japanese automaker Honda and Chinese automaker GAC, for China since late 2016.
GAC Hino is a joint venture between Hino and GAC aimed at producing Hino-based trucks and headquartered in Guangzhou, China, where it has its single assembly facility.
The Honda e:NP2 and Honda e:NS2 are battery electric low-roof compact crossover SUV (C-segment) produced since 2024 by GAC Honda and Dongfeng Honda respectively, which are joint ventures of Honda in China. Both vehicles are marketed solely in China. The e:NP2 went on sale in April 2024, while the e:NS2 followed in June 2024.
There are currently about 150 active brands in the Chinese automobile market. Among them are 97 Chinese domestic brands and 43 joint venture (JV) brands. Before 2010, the traditional "Big Four" refers to the four major state-owned car manufacturers, SAIC, FAW, Dongfeng and Changan. Other Chinese car manufacturers, both from public and private sectors, like Geely, BAIC, BYD, Chery, GAC, Great Wall, JAC and Seres emerged as the major players with the expansion of Chinese automotive industry.
