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Dongfeng Motor Corporation(abbr. DFM) has grown to be one of the three big automotive groups in China since it was gounded in 1969. Its main facilities are located at Shiyan, Xiangfan, Wuhan and Guangzhou. Its headquarters was moved from Shiyan city to Wuhan city on Sep. 28, 2003. Its main businesses include full series commercial vehicles, passenger cars, automotive components and devices. By the end of 2003, the company has owned RMB63.68 billion of total assets, RMB27.3 billion of net assets and 112000 registered employees. Entering new century, DFM focuses on participating in international competition. Complying with the development strategy “evolvement during joining, cooperation during competition, be stronger during growing”, DFM has upgraded the international cooperation to a new level. After comprehensive joint venture and reorganization, DFM has stood at a new start with good development momentum. At present and near future, DFM will grasp the current historical opportunities, strive to realize “Three doubles” in sales nd output, operation profit and employees’ income within 5 years. DFM will increase the annual sales to 1.70 million units, sales revenue to 180 billion RMB yuan and overall market presence to 18%, and make the group be an independent, open automotive group with sustainable development potential and international competency.


 
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