Dongfeng exits engine joint venture to accelerate new energy transformation
Dongfeng Motor Group has exited Dongfeng Honda Engine Co., Ltd., transferring its equity to GAC Honda, with the registered capital changing from USD 120 million to approximately RMB 970 million. This move aims to optimize the asset structure of fuel vehicles and accelerate the transition to new energy. Dongfeng Group expects that sales of new energy vehicles will reach 1.04 million units by 2025, a year-on-year increase of 21%. Meanwhile, Dongfeng Honda's sales have declined, with cumulative sales of approximately 580,000 units in the first 11 months of 2025, a year-on-year decrease of 21.86%
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