Company Overview of DongFeng Motor Corporation
DongFeng Motor Corporation is engaged in the research and development, manufacture, sale, and export of whole serial commercial vehicles, passenger vehicles, auto parts and components, vehicle manufacturing equipment, and auto related business. Its products are available through a sales network; and services are available through a sales service network in China. DongFeng Motor Corporation was formerly known as Second Automobile Works Co. and changed its name to DongFeng Motor Corporation in 1992. The company was founded in 1969 and is based in Wuhan, China.
Citic Industrial Bank Building
Hankou Jianshe Avenue 747
Founded in 1969
Key Executives for DongFeng Motor Corporation
General Manager and Deputy Secretary
Compensation as of Fiscal Year 2016.
DongFeng Motor Corporation Key Developments
PSA Peugeot Citroen and Dongfeng Motors Open New Plant in China
Sep 7 16
PSA Peugeot Citroen opened its fifth plant in China to embrace a boom in sport-utility vehicles (SUVs), as it tries to stem sharp sales falls in the car market. PSA and its Chinese partner Dongfeng Motors unveiled the new factory in Chengdu in the southwestern province of Sichuan. The factory, to be run by the two firms' joint venture DPCA, will produce multi-purpose vehicles and sport-utility vehicles of Peugeot, Citroen and Dongfeng's own brand Fengshen. It will have a capacity of 300,000 vehicles a year. The Chengdu plant is expected to help boost sales by expanding PSA's offerings to cash in on the boom in SUVs. Their sales surged nearly 45% year-on-year in the January-July 2016. PSA already has three plants with Dongfeng in Wuhan, in the central province of Hubei, which can produce a total of up to 750,000 cars a year. It also has a factory in Shenzhen, which borders Hong Kong, with another local partner China Changan.
Dongfeng Motor Corporation Announces Sales Results for the Month of July 2016
Aug 10 16
Dongfeng Motor Corporation announced sales results for the month of July 2016. The company declared July sales volume of 13300 vehicles, declining 8.3% from a year earlier.
PSA Group and Dongfeng Motors Signs Agreement
May 11 16
At the presentation of the DPCA strategic plan May 11, Carlos Tavares and Zhu Yanfeng, the respective chairman of DPCA's two company shareholders, signed an agreement to design an electric version of the Common Modular Platform (CMP), which they have been developing jointly since April 2015. This future electric platform (e-CMP) will deliver a worldwide offering of all-electric, high-performance B and C segment vehicles for the Peugeot, Citroën, DS and Dongfeng brands from 2019. PSA Group and DFM also signed a framework Human Resources agreement designed to increase synergies to develop talent internationally. In practical terms, the agreement will provide for temporary employee exchanges between operational teams in the fields of Research & Development, Marketing, Manufacturing, Finance and Human Resources. Best practices will also be shared in each area of HR to identify potential areas of cooperation. For PSA Group, the agreement goes hand in hand with its Push to Pass strategic plan and serves to address a number of human resources challenges. The new "5A+" medium-term strategic plan is designed to make DPCA "an efficient car manufacturer, capable of providing its customers with comprehensive mobility solutions." The plan has three strategic focuses: To significantly increase customer satisfaction with products and services, with the aim of moving into the top 3 ranking in the industry by 2018 and becoming No.1 in 2020. Generate revenue in excess of RMB 100 billion by 2020. To ensure profitable, sustainable growth underpinned by productivity gains of 30% by 2020.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|