DONGFENG GROUP(HK:00489) Mei Ri Jing Ji Xin Wen·2025-09-23 12:01Core Viewpoint - Dongfeng Motor and Huawei are deepening their strategic cooperation to enhance innovation in enterprise governance and operations, focusing on the automotive industry's transformation towards electrification and intelligence [1][4]. Group 1: Strategic Cooperation - On September 22, Dongfeng Motor's Chairman Yang Qing met with Huawei's founder Ren Zhengfei and Executive Director Xu Zhijun to discuss strengthening strategic trust and cooperation [1]. - The two companies aim to explore new paths for industrial upgrading and will collaborate in product definition, intelligent technology, and marketing [1][4]. Group 2: Agreement Details - A comprehensive strategic cooperation agreement was signed on May 23, marking a significant upgrade in the collaboration between Dongfeng Motor and Huawei [4]. - The partnership will leverage Dongfeng's extensive automotive manufacturing and supply chain experience alongside Huawei's expertise in cloud computing, AI, and big data [5]. Group 3: Company Performance - Dongfeng Motor has produced and sold over 62 million vehicles since its establishment in 1969, contributing approximately 700 billion in taxes [5]. - By the end of 2024, Dongfeng Motor's total assets are projected to reach 470.39 billion, with a workforce of 117,000 [5]. - In 2024, Dongfeng Motor aims to sell 2.48 million vehicles, including 860,000 electric vehicles, reflecting a year-on-year growth of 64.4% [5].