DONGFENG GROUP(HK:00489) Nan Fang Du Shi Bao·2025-08-01 12:50Core Viewpoint - Dongfeng Motor Group refutes rumors regarding Lantu Automotive's acquisition of a Nissan factory for 700 million yuan, clarifying that the amount refers only to land transfer fees, not the overall asset value of the factory [1][4]. Group 1: Clarification of Misleading Information - Dongfeng Motor emphasizes that the reported 7.23 billion yuan is solely for land use rights transfer, and the misinterpretation of this figure as the total asset value of the factory is a serious distortion [4]. - The company warns that such misleading reports could damage its reputation and disrupt market order, and it reserves the right to take legal action against those spreading false information [4]. Group 2: Details of the Land Transfer - The land in question, approximately 1.2035 million square meters, is located in the Wuhan Economic and Technological Development Zone and was transferred to Lantu Automotive for about 7.23 billion yuan [4]. - This land is the site of the Dongfeng Nissan Wuhan Yunfeng factory, which has a total investment of 9.8 billion yuan and was launched in May 2022, featuring advanced production capabilities [4]. Group 3: Production Capacity and Model Updates - The Yunfeng factory initially produced Nissan models but shifted to manufacturing Lantu's electric SUV, Lantu Zhiyin, due to low utilization rates [5]. - Lantu is rapidly increasing production capacity to meet the demand for its new model, the Lantu FREE+, which was launched on July 12 and has received positive market feedback [6][7]. - In July, Lantu delivered 12,135 vehicles, marking a 102% year-on-year increase and over 20% month-on-month growth, with the FREE+ contributing significantly to these numbers [7]. Group 4: Future Product Launches - The all-new Lantu Zhiyin is set to launch at the end of August, developed in collaboration with Huawei, featuring upgraded technology and systems [7]. - Lantu's COO expresses confidence that the Zhiyin will become a popular model, leveraging its new design and technology [7].