NEWS TREND
DFM to Invest over 46 Billion Yuan to Help Wuhan's Auto Industry Transform in Coming 5 Years

At 2020 Wuhan "Cloud Investment Promotion" for Central Enterprises on May 15, the President of Dongfeng Motor Corporation (DFM) revealed that DFM would step up operations in Wuhan in the coming five years by investing over 46 billion yuan in major projects to boost the transformation of Wuhan's automobile industry.

DFM signed PnP Wuhan Innovation Center Project and ten serial projects. For the former, DFM will establish a joint venture with global innovation platform-Plug and Play (PnP) at Wuhan Development Zone (WDZ), to create a prospective, networked and shared global smart mobility and innovation ecology, pool global innovation resources and seize the commanding point of next-generation industries. DFM will build Wuhan International Intelligent Automobile Innovation Center to accomplish full transformation.

For the latter, based on industrial trends and its facts, DFM will implement 10 projects in three categories (transformation, core capacity improvement and new business cultivation), covering key fields like innovation, sales, intelligent connection, digitalization and intelligent manufacturing. DFM is expected to invest 10 billion yuan to cooperate with WDZ in headquarters construction, R&D, manufacturing, sales and finance.

DFM is headquartered in Wuhan. Wuhan Base is DFM's key R&D base, as well as a major manufacturing base of passenger vehicles, new energy vehicles, intelligent connected vehicles and parts.

All enterprises under DFM, including Wuhan Base, have resumed work and production. Wuhan is always a key area in DFM's business layout and development. DFM will never change its confidence in the healthy development of Wuhan Base, the direction of accelerating transformation and restructuring of Wuhan Base and the goal of promoting the high-quality development of Wuhan Base.

As a national central city under construction, Wuhan enjoys prominent advantages in location, transportation and talents; as a renowned auto city, Wuhan has a solid auto industry foundation, an integral supporting industry chain, a strong capacity for market radiation and a great appeal to automakers. Besides, Wuhan boasts a legalized, internationalized and facilitated investment and business environment. DFM will be rooted in Wuhan and serve Wuhan at present and in the future.


Your Privacy

When you visit our web site, we will use cookies to ensure that you get the best experience on our website. These cookies might be about you, your preferences, or your device. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

  • These cookies are necessary for our website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

  • DONGFENG MOTOR uses Google Analytics, which gives us insights in to how you use our web sites. This data consists of; e.g., Which pages you viewed; which links you clicked on; how long you spent on a page; cars that you have built in our configurator; what device you have used; We use this data to help us understand how people use our web site and to ensure that it functions correctly. This data is not used for marketing or advertising and is not shared with third parties.

X