Dongfeng Motor Corporation: A Leading Chinese Automaker

History and Overview

- Founded in 1969, Dongfeng Motor Corporation (DFM) is a Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei. - The company is one of the "Big Four" automakers in China, along with SAIC Motor, FAW Group, and Changan Automobile. - It has a wide range of automotive products, including passenger cars, commercial vehicles, and components.

Financial Performance

- In 2021, DFM reported revenue of 136.1 billion yuan (US$21.3 billion). - The company's net profit was 12.1 billion yuan (US$1.9 billion). - DFM has a strong financial position, with total assets of 384.2 billion yuan (US$60.1 billion) as of 2021.

Global Presence

- DFM has a global presence, with operations in over 100 countries. - The company has joint ventures with major automakers such as Honda, Nissan, and Peugeot-Citroen. - DFM is also actively involved in the development and production of electric vehicles.

Product Offerings

- DFM offers a wide range of automotive products, including: - Passenger cars: Sedans, SUVs, and MPVs - Commercial vehicles: Trucks, buses, and vans - Automotive components: Engines, transmissions, and axles

Research and Development

- DFM has a strong commitment to research and development, with a team of over 10,000 engineers. - The company is investing heavily in the development of new technologies such as electric vehicles, autonomous driving, and connectivity.

Market Share

- DFM is one of the leading automakers in China, with a market share of around 10%. - The company is also a major player in the global commercial vehicle market.

Company Structure

- DFM is a holding company with several subsidiaries and joint ventures. - The company's major subsidiaries include: - Dongfeng Motor Corporation Ltd. - Dongfeng Peugeot-Citroen Automobile Co., Ltd. - Dongfeng Honda Automobile Co., Ltd.

Conclusion

- DFM is a leading Chinese automaker with a strong global presence and a wide range of products. - The company has a strong financial position and a commitment to research and development. - DFM is well-positioned to continue its growth in the global automotive market.