Dongfeng Commercial Vehicle Joint Venture Company Settled in Shiyan City Today

The Dongfeng Commercial Vehicle Co., Ltd., a joint venture between Dongfeng Motor Group Co., Ltd. and the Swedish Volvo Group, will formally operate in Shiyan today (January 26). Dongfeng holds 55% of the shares and Volvo takes 45%.

　

Dongfeng Motor’s General Manager and Chairman of Dongfeng Commercial Vehicle Co., Ltd. Zhu Fushou delivered speeches

Dongfeng Motor Group and Volvo Group signed a strategic agreement in Beijing on January 26, 2013, announcing the formal joint venture of Dongfeng Commercial Vehicles. From a time perspective, the two-year approval process can be described as smooth. Today is precisely the second anniversary of the signing of the strategic agreement between Dongfeng Motor Group and Volvo Group, which means that the Dongfeng Commercial Vehicle joint venture project lasting for two years has finally reached an official status.

Huang Gang, General Manager of Dongfeng Commercial Vehicle Co., Ltd. spoke

It is understood that according to the contents of the previous two-party agreement, the management structure, the new company's board of directors consists of seven directors, of whom four were appointed by Dongfeng, the other three were appointed by Volvo and the chairman was appointed by Dongfeng.

Dongfeng Commercial Vehicle Co., Ltd. manufactures an engine plant in addition to the traditional four major process blocks for assembly, welding, painting and stamping. Future products include medium- and heavy-duty trucks and chassis, large and medium-sized passenger cars and chassis, special vehicles (including construction vehicles), engines, gearboxes and other key components, as well as technical consulting, technical services, and after-sales services related to the joint venture's operating projects. .

Chairman of Dongfeng Motor Corporation Xu Ping delivered a speech

In terms of technology upgrades and product planning, the vehicle products will use Dongfeng and Volvo's technology and expertise to retrofit and upgrade medium- and heavy-duty commercial vehicle product platforms, develop new models, and build a modular and standardized product platform. It will jointly develop Dongfeng brand heavy-duty engines that meet the national six emission standards and later higher standards. The Dongfeng brand heavy-duty transmission and medium-sized transmission will be introduced and developed.

High-level photo

In addition, Dongfeng Motor Group and Volvo Group will further reorganize the original Dongfeng Nissan Diesel in Hangzhou, and the renamed Dongwo (Hangzhou) Truck Co., Ltd. has officially launched a new product, Coolo, in late 2013. The company will be affiliated with Dongfeng Commercial Vehicle Co., Ltd.

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