The strategic cooperation took a substantial step. Dongfeng Autonomous Sword refers to the southeast


Dongfeng Motor Company will accumulate group resources and fully support the development of Fujian base car industry in the areas of passenger cars, commercial vehicles, powertrains, key auto parts and automotive level businesses, and make joint efforts to accelerate and promote 1 million automobiles in Fujian Province. Realize the scale of production and sales.

The signing ceremony of the strategic cooperation framework agreement between the People's Government of Fujian Province and Dongfeng Motor Corporation was held in Fuzhou on May 16th, which marked a substantial and substantive step in the cooperation between the two parties and opened up a new chapter in the cooperation between the two parties. Taking this as an opportunity, Dongfeng Motor Corporation will further optimize its business distribution in the southeastern coastal areas, provide full support for the development of the Fujian automobile industry, and promote the development of the automobile industry in Fujian to a new level, so as to realize the goal of cooperation and win-win.

Through the strategic cooperation between the two parties, Dongfeng Motor will accumulate group resources and fully support the development of Fujian base car industry in passenger cars, commercial vehicles, powertrains, key auto parts, and automotive level businesses. The Fujian Provincial People's Government will create a good development environment for the Fujian automobile industry and fully support the Dongfeng Motor Company's career development in Fujian. Both parties worked together to accelerate and promote the realization of the production and sales scale of 1 million vehicles in Fujian Province.

In order to realize the strategic cooperation objectives, Fujian Provincial People's Government and Dongfeng Motor Company will actively carry out the business layout of the existing vehicle business unit of Fujian Automobile Industry Group Co., Ltd. and develop the relevant core component business. According to the framework agreement, Dongfeng Motor Corporation will acquire part of the equity of Fujian Automotive Industry Group Co., Ltd. held by the Fujian Provincial State-owned Assets Supervision and Administration Commission in a capital increase manner to achieve cooperation at the level of Fujian Automobile Industry Group Co., Ltd. At the same time, Dongfeng Motor Company and Fujian Automobile Industry Group Co., Ltd. are holding Southeast Asia (Fujian) Automobile Industry Co., Ltd. in the form of an investment company.

The strategic cooperation agreement signed between Fujian Provincial People's Government and Dongfeng Motor Company is an agreement to strengthen cooperation and develop win-win results. It has important strategic significance on multiple levels. From the perspective of the Fujian Provincial People's Government, the Fujian automobile industry will take advantage of Dongfeng Motor Company's strong industry influence, abundant product resources, and strong financial strength to embark on a fast track of development. From the Dongfeng Motor Company level, the automobile brands of Fujian Automobile Industry Group Co., Ltd. will all bring a business segment with an independent brand increase to Dongfeng, which will accelerate the Dongfeng “autonomy” strategy and achieve Dongfeng’s own brand. The D300 Mid-Term Business Plan aims to play an important role; through strategic cooperation with the Fujian Provincial People's Government, Dongfeng Motor Company can quickly realize its strategic layout in the southeastern coastal areas, further consolidate and enhance its leading position and influence in the domestic automotive industry. At the same time, it can also use the geographical advantages of Fujian to “go to the sea” to speed up the pace of “going out”. From the level of Fujian Automobile Industry Group Co., Ltd., Fujian Automobile Industry Group Co., Ltd. will use the resources of Dongfeng Motor Co., Ltd. to obtain greater development in the area of ​​passenger vehicles, commercial vehicles and parts and components, thereby enhancing the overall strength of Fujian Automobile.



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