Xin Jing Bao·2025-08-04 16:04Group 1 - The Wuhan Economic and Technological Development Zone announced that Lantu Automotive plans to acquire a land parcel from Dongfeng Motor Group for approximately 723 million yuan, covering an area of about 1.2035 million square meters, with a land price of 400,600 yuan per mu [1] - The land in question is the site of the Dongfeng Nissan Wuhan Yunfeng factory, which began production in May 2022 with an annual capacity of 150,000 vehicles, expandable to 300,000, and is equipped for flexible production of various vehicle types [1] - Starting from June 2024, the Yunfeng factory will begin contract manufacturing for Lantu Automotive, with the first batch of Lantu's new pure electric SUV, Zhiyin, expected to roll off the production line in September 2024 [1] Group 2 - Dongfeng Motor Group responded to rumors regarding the sale of the factory, clarifying that the 723 million yuan figure refers to the land use rights transfer price, and not the overall asset value of the factory, which was misrepresented by some media outlets [2]