Group 1 - Dongfeng Motor Group Co., Ltd. announced the establishment of a joint venture focused on the manufacturing and sales of smart off-road vehicles, in collaboration with Dongfeng Motor Co., Xiangyang Holdings, and Xiangao Investment [1][4] - The registered capital of the new joint venture amounts to 8.47 billion yuan, with Dongfeng Group contributing 3.55 billion yuan in the form of intangible asset usage rights, including proprietary technology for vehicle preparation and trademarks [4] - The shareholding structure of the joint venture includes Dongfeng Group holding 41.9%, Dongfeng Motor Co. at 10.9%, Xiangyang Holdings at 34%, and Xiangao Investment at 13.2% [4] Group 2 - The establishment of the new joint venture represents a significant move for Dongfeng in the smart off-road sector and is part of its deepening collaboration with Huawei [4] - The new company will engage in extensive cooperation with Huawei in areas such as smart vehicle product development, marketing, and ecosystem services, leveraging Huawei's integrated product development and marketing methodologies [4][5] - This collaboration is expected to enhance Dongfeng's capabilities in automotive intelligence and create differentiated competitiveness in the high-end new energy off-road market [5]

Group 1 - Dongfeng Group announced the establishment of a joint venture with a registered capital of RMB 8.47 billion to develop and sell smart off-road vehicles [2] - The joint venture will focus on manufacturing and selling smart off-road vehicles, with an operational period of 20 years [2] - Dongfeng Group will contribute RMB 3.55 billion in intangible asset usage rights, while Dongfeng Motor Company will contribute RMB 920 million in physical assets [2] Group 2 - The investment amounts were determined based on an asset valuation report from an independent appraiser, using methods such as income, cost, and market approaches [3] - The establishment of the joint venture is a strategic move for Dongfeng Group in the context of the automotive industry's shift towards intelligence and electrification [3] - The joint venture aims to enhance market competitiveness by integrating technological research and development, manufacturing, and market channels [3]

Core Viewpoint - Dongfeng Group has announced the establishment of a joint venture focused on the manufacturing and sales of smart off-road vehicles, with a registered capital of 8.47 billion yuan [2] Investment Agreement Details - Dongfeng Group will contribute 3.55 billion yuan in the form of intangible asset usage rights, including licensing rights for vehicle preparation proprietary technology and the Hummer series trademark [2] - Dongfeng Motor Company will contribute 920 million yuan in physical assets, including various molds and intangible assets related to specific vehicle models [2] - Xiangyang Holdings and Xiangao Investment will contribute 2.88 billion yuan and 1.12 billion yuan in cash, respectively [2] Shareholding Structure - Dongfeng Group and Dongfeng Motor Company will hold approximately 41.9% and 10.9% of the joint venture's registered capital, respectively [2] - Xiangyang Holdings and Xiangao Investment will hold 34% and 13.2% of the joint venture's registered capital, respectively [2]

Core Viewpoint - Dongfeng Group and Xiangyang State-owned Assets have established a joint venture with a registered capital of 8.47 billion yuan, focusing on the manufacturing and sales of smart off-road vehicles [1] Group 1: Company Overview - The joint venture is formed through an investment agreement between Dongfeng Group, Dongfeng Motor Co., Xiangyang Holdings, and Xiangao Investment [1] - Dongfeng Group's contribution includes the licensing rights for vehicle platforms and proprietary technologies related to intelligent driving, as well as trademark rights for the Hummer series [1]

Core Viewpoint - Dongfeng Group announced the establishment of a joint venture focused on the manufacturing and sales of smart off-road vehicles, with a registered capital of 8.47 billion yuan [1] Group 1: Joint Venture Details - The joint venture will be formed through an investment agreement between Dongfeng Group, Dongfeng Motor Co., Xiangyang Holdings, and Xiangao Investment [1] - The registered capital for the joint venture is set at 8.47 billion yuan [1] Group 2: Assets and Technology - Dongfeng Group will contribute intangible asset usage rights, including licensing rights for vehicle platforms and proprietary technology for intelligent driving [1] - The contribution also includes trademark rights for the Mengshi series [1]

Core 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]

Core Viewpoint - Dongfeng Group has 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] Group 1: Joint Venture Details - The joint venture will be established through an investment agreement signed on September 17, 2025, involving Dongfeng Group, Dongfeng Motor Co., Xiangyang Holdings, and Xiangao Investment [1] - The registered capital of the joint venture is set at RMB 8.47 billion, with Dongfeng Group and Dongfeng Motor Co. contributing RMB 3.55 billion and RMB 0.92 billion respectively, accounting for approximately 41.9% and 10.9% of the total capital [1] - Xiangyang Holdings and Xiangao Investment will contribute RMB 2.88 billion and RMB 1.12 billion in cash, representing 34% and 13.2% of the registered capital [1] Group 2: Strategic Focus - The joint venture aims to primarily engage in the manufacturing and sales of smart off-road vehicles [1] - The collaboration is expected to enhance the partners' capabilities in automotive production and sales through the integration of resources and expertise [1]