Beijing (Gasgoo)- On July 5, Dongfeng Motor Corporation (DFMC) made a significant announcement regarding the launch of an automotive parts project, introducing a dedicated Parts Division to manage its components business centrally. This strategic move is aimed at driving transformation and establishing a leading parts company with core competitiveness.
Photo credit: Dongfeng Motor
The introduction of the new Parts Division as part of DFMC’s “4+2” business layout will involve the effective integration of the group’s R&D, manufacturing, and talent resources. The primary focus will be on strengthening and expanding the new energy and intelligent connected vehicle parts business, enhancing control over core components, and establishing a secure and efficient supply chain. This integration will enable DFMC to provide comprehensive technical solutions for vehicle production, streamline R&D and design processes, and enhance overall vehicle competitiveness through cost advantages.
With the implementation of the auto parts project, DFMC is set to increase investments in the fields of intelligent connectivity, batteries, electric motors, and electronic controls. The objective is to address bottleneck issues and foster new production capabilities, thus providing strong momentum for DFMC’s transformation and growth.
DFMC is dedicated to advancing its transition towards new energy vehicles. Since 2023, the company has been actively pursuing reforms and adjustments. These significant initiatives have led to a remarkable increase in new energy vehicle sales, with 380,000 units sold in the first half of this year, marking a 118.4% year-on-year surge. The sales of vehicles under DFMC’s wholly-owned brands totaled 664,000 units, showing a substantial 45.5% increase from the previous year.
