The story
Founded by Dongfeng Motor Corporation on May 18, 2001.1
Dongfeng Motor Group (then known as Dongfeng Motor Co., Ltd.) was incorporated on 18 May 2001 as a special purpose vehicle for debt-to-equity swap of Dongfeng Motor Corporation. The other shareholders were fellow state-owned financial companies China Huarong Asset Management, China Cinda Asset Management, China Orient Asset Management, China Great Wall Asset Management and China Development Bank for a total of 42.86% stake. In 2003, [new] Dongfeng Motor Co., Ltd. was incorporated as a joint venture of Dongfeng Motor Group and Nissan. Dongfeng Motor Group, at that time still known as [old] Dongfeng Motor Co., Ltd., was renamed to Dongfeng Automobile Industry Investment.
In August 2004, Dongfeng Motor Group bought back all the stakes of Dongfeng Motor Group from other stakeholders, for a total of CN¥4.6 billion. It also became a "company limited by shares" (Chinese: 股份有限公司, analog of public limited company) in October 2004, with a new name Dongfeng Motor Group. The company issued H share and became a listed company on 7 December 2005.
In 2014, the plan to establish Dongfeng Commercial Vehicle was approved by the National Development and Reform Commission. It would acquire some business and assets from the joint venture Dongfeng Motor Co., Ltd. In turn Volvo acquired 45% stake of Dongfeng Commercial Vehicle from Dongfeng Motor Group. At the same time Dongfeng Nissan Diesel Motor would be a wholly owned subsidiary of Dongfeng Commercial Vehicle. In January 2015, Dongfeng Commercial Vehicle was established.
From Wikipedia’s article on Dongfeng Motor Group, shared under CC BY-SA 4.0.4