Zhi Tong Cai Jing·2025-09-17 11:45Core Viewpoint - Dongfeng Group Co., Ltd. announced the establishment of a joint venture focused on the manufacturing and sales of smart off-road vehicles, integrating financial resources, R&D expertise, and manufacturing capabilities among the partners [1] Summary by Sections Investment Agreement - On September 17, 2025, Dongfeng Group, Dongfeng Motor Co., Ltd., Xiangyang Holdings, and Xiangao Investment entered into an investment agreement to jointly establish a joint venture [1] - The registered capital of the joint venture is set at RMB 8.47 billion [1] Capital Contributions - Dongfeng Group and Dongfeng Motor Co., Ltd. will contribute RMB 3.55 billion and RMB 0.92 billion in the form of intangible asset usage rights and physical assets, representing approximately 41.9% and 10.9% of the joint venture's registered capital, respectively [1] - Xiangyang Holdings and Xiangao Investment will contribute RMB 2.88 billion and RMB 1.12 billion in cash, accounting for 34% and 13.2% of the registered capital, respectively [1] Business Focus - The joint venture is expected to primarily engage in the manufacturing and sales of smart off-road vehicles [1] - The collaboration aims to develop and sell smart vehicles, enhancing the partners' capabilities in automotive production and sales [1]