Dongfeng Motor Co. , Ltd
Dongfeng Automobile Company was owned by whom in May 2003?
Dongfeng Automobile Company Dongfeng Automobile Co. , Ltd . ( DFAC ) , is a Chinese automobile company based in Xiangyang , Hubei province . 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 . It makes light commercial vehicles for the Chinese market . It also makes diesel engines in a 50-50 joint venture with Cummins , Inc . known as Dongfeng Cummins Engine Co . Ltd . , DFAC is a constituent of small cap index SSE 380 Index . History . The predecessors of Dongfeng Automobile Company , were a light commercial vehicles factory , an engine factory and a foundry of Dongfeng Motor Corporation , that were located in Xiangyang , Hubei province . Founded in Shiyan in 1969 , the ultimate parent company Dongfeng Motor Corporation was headquartered in Wuhan , the provincial capital of Hubei since 2003 . However , the headquarter of Dongfeng Automobile Company was remained at Xiangyang . The first factory of Dongfeng Motor in Xiangyang was first built in 1983 . Dongfeng Automobile Company Limited ( ; DFAC ) was incorporated as a subsidiary ( 70% shares ) of Dongfeng Motor Corporation on 21 July 1999 , the date of receiving the license of incorporation , or 15 July , the date of the first annual general meeting . In the same year the rest of the shares were floated on the Shanghai Stock Exchange . The company also signed a leasing agreement with Dongfeng Motor Corporation , regarding the land lease and trademarks . In 2001 , the shares held by Dongfeng Motor Corporation were transferred to an intermediate parent company Dongfeng Motor Group ( ; known as Dongfeng Motor Co. , Ltd . ( ) at that time ) , as part of a debt restructuring . In 2003 , the shares were transferred again , to a Sino-Japanese joint venture [ new ] Dongfeng Motor Co. , Ltd . ( ) . In 2010 , it was reported that the company started to built its electric bus assembly line . Subsidiaries . - current - former DFAC acquired 51% stake of Zhengzhou Nissan Automobile ( ) in 2005 for from two other state-owned companies : CITIC Automobile ( of CITIC Group ) and Zhengzhou Light Vehicle Works ( ) . DFAC also subscribed a capital increase of Zhengzhou Nissan , for in 2008 . On 13 June 2017 , DFAC announced to sell Zhengzhou Nissan to the direct parent company Dongfeng Motor Co. , Ltd . for about , subject to the approval of extraordinary general meeting . It was approved on 28 June . Joint ventures . Dongfeng Cummins Engine Co. , Ltd . ( ; DCEC ) , a joint venture of Cummins and Dongfeng in Xiangyang ( formerly called Xiangfan ) , was established in 1995 . It manufactured heavy duty vehicle engines . Shareholders . DFAC was majority owned by a joint venture Dongfeng Motor Co. , Ltd. , making DFAC was indirectly owned by the Chinese Government ( via Dongfeng Motor Corporation ) , the French State ( via Renault ) , H share shareholders of Dongfeng Motor Group and other shareholders of Nissan and Renault ( via Nissan ) . The Chinese Government also owned an additional 2.74% shares via their sovereign wealth fund Central Huijin as the second largest shareholder of Dongfeng Automobile Company . Products . DFAC . The light commercial vehicle products of Dongfeng Automobile Company are sold under the DFAC brand . - Dongfeng DFAC Xiaobawang ( Suzuki Carry based ) DFAC electric trucks ( Captain ) . The electric light commercial vehicle products of Dongfeng Automobile Company are Dongfeng Electric Light Trucks sold under the DFAC or Captain（凯普特） brand . - Dongfeng EV200 - Dongfeng EV300 - Dongfeng EV350 - Dongfeng EV400 - Dongfeng EV450 - Dongfeng EV500 - Dongfeng eStar Yufeng series . The electric commercial vans of Dongfeng Automobile Company are mainly developed for the logistics industry and are mainly rebadged variants of gasoline-powered vans sold under the Yufeng series . The Dongfeng Yufeng was originally a full size van , which later spawned an electric variant called the Yufeng EM19 which became the start of the Yufeng series . - Dongfeng Yufeng EA100 - Dongfeng Yufeng EM19 - Dongfeng Yufeng EM26 Vasol ( Dongfeng Huashen ) . The light commercial vehicle products of Dongfeng Automobile Company are sold under the Dongfeng Automobile Company subsidiary , Vasol ( Dongfeng Huashen ) （东风华神）brand . - Dongfeng Huashen Tianlai - Dongfeng Huashen T1 - Dongfeng Huashen T5 - Dongfeng Huashen T7 - Dongfeng Huashen F5 - Dongfeng Teshang - Dongfeng Jingying