Dongfeng Motor Group Co Ltd (489.HK)

Dongfeng Motor Group Co Ltd (489.HK)

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Dongfeng Motor Group Co Ltd (489.HK) Profile

Dongfeng Motor Group Co., Ltd., abbreviated DFG, is a Chinese conglomerate headquartered in Wuhan, Hubei Province. The company's stock was listed on the Hong Kong stock exchange.

Dongfeng Motor Group established a number of joint ventures with foreign automotive manufacturers, including Luxgen, Honda, Renault-Nissan, and Stellantis (which was created by the merger of Fiat Chrysler Automobiles and Groupe PSA). Additionally, it leased a number of trademarks from the parent firm.

Market Cap as at Jan 7 2022 59.882B HKD. Dongfeng Motor Group annual revenue for 2020 was $15.644B, Employees as of (estimated Dec 2021 124,270.

Dongfeng Motor Group Co Ltd (489.xhkg) Analysis: Where Evergrande NEV fell short, Dongfeng Motor Group could follow suit. After reviewing market conditions, the carmaker located in Wuhan, central Hubei province, has chosen to make a "strategic adjustment" and revise its domestic listing plan. According to another late Sunday Hong Kong exchange filing, the business has sought to offer 957.3 million yuan-denominated stocks on the Shenzhen mainboard, or 10% of its existing capital, subject to an increase to 15% based on demand.

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