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, Honda, Nissan, Volvo 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“.