The story
Founded by Dongfeng Motor Corporation on Jul 21, 1999.1
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 (Chinese: 东风汽车股份有限公司; abb. 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 (Chinese: 东风汽车集团股份有限公司; known as Dongfeng Motor Co., Ltd. (Chinese: 东风汽车有限公司) 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. (Chinese: 东风汽车有限公司).
In 2010, it was reported that the company started to build its electric bus assembly line.
From Wikipedia’s article on Dongfeng Automobile Company, shared under CC BY-SA 4.0.3