东风汽车接连出售资产，现在还有人买发动机工厂吗？

Core Viewpoint - The article discusses the strategic asset sales by Dongfeng Motor Group, particularly the sale of a 50% stake in Dongfeng Honda Engine Company, as part of its transition towards electric vehicles amidst declining performance in traditional automotive sales [2][4]. Group 1: Asset Sale Details - Dongfeng Motor Group is selling a 50% stake in Dongfeng Honda Engine Company, with the project currently in the pre-listing phase and a deadline for bids set for September 12 [2]. - Dongfeng Honda Engine Company was established in May 1998, has a registered capital of approximately $122 million (about 873 million RMB), and employs 827 people [2]. - The company's financials show a projected revenue of 9.566 billion RMB for 2024, with a net loss of 228 million RMB, while the first half of 2025 reported a revenue of 3.807 billion RMB and a net profit of 371 million RMB [2]. Group 2: Strategic Shift and Performance - Dongfeng Motor's decision to sell assets is linked to its market performance, with a reported 8.9% decline in vehicle sales from January to July, totaling 978,500 units [4]. - The company’s net profit for the first half of the year is projected to be between 30 million and 70 million RMB, representing a decline of 90% to 95% compared to the same period in 2024 [4]. - Dongfeng is focusing on reducing and selling off joint venture assets while expanding its presence in the electric vehicle sector, indicating a strategic shift towards self-owned brands [4][5]. Group 3: Production Capacity and Market Context - Dongfeng Honda has a design capacity of 768,000 vehicles per year, with a production of 425,900 vehicles in 2024, resulting in a capacity utilization rate of 55.46%, which is better than Dongfeng Nissan's 43% [6]. - The article highlights that, despite the high penetration rate of electric vehicles in China at 45%, the Dongfeng Honda Engine Company, with a capacity to produce 480,000 engine assemblies annually, has become a burden for Dongfeng [6]. - The ongoing transition to electric vehicles raises questions about the future demand for traditional engine manufacturing capabilities, as the industry shifts focus [6].