DONGFENG GROUP(HK:00489) Zhong Guo Jing Ying Bao·2025-08-18 12:29Core Viewpoint - Dongfeng Motor Group plans to sell a 50% stake in Dongfeng Honda Engine Co., Ltd. as part of its strategy to optimize its fuel vehicle asset structure and accelerate its transition to new energy vehicles [2] Group 1: Company Overview - Dongfeng Honda Engine was established in 1998, co-funded by Dongfeng and Honda, and primarily supplies engines and components to GAC Honda Automobile Co., Ltd. [2] - The current shareholders of Dongfeng Honda Engine are Dongfeng Motor Group (50%), Honda Motor Co., Ltd. (40%), and Honda Motor (China) Investment Co., Ltd. (10%) [2] Group 2: Financial Performance - For the first half of 2025, Dongfeng Honda Engine reported a revenue of 3.807 billion yuan and a net profit of 371 million yuan [2] Group 3: Market Context - The sale is positioned within the context of the expanding NEV market in China, which presents challenges for both independent and joint venture operations [2] - The transaction aims to better support Honda's automotive strategic deployment in China [2]