Core Insights - A senior executive from Dongfeng Motor Group, Zheng Jiakun, is under investigation for serious violations of discipline and law, marking the 25th Dongfeng executive to be scrutinized by the Central Commission for Discipline Inspection in 2025 [2][5]. Company Overview - Zheng Jiakun, born in 1962 and an EMBA graduate from the University of the East, has held various significant positions within Dongfeng, including Deputy Secretary of the Party Committee and General Manager of Zhengzhou Nissan [4]. - Zheng has worked at Dongfeng for approximately 39 years, starting in 1983 and retiring in 2022 [4]. Industry Context - The automotive industry is prone to corruption due to its extensive supply chain and large-scale operations, with Dongfeng being a state-owned enterprise that frequently engages in substantial transactions with suppliers [5]. - Dongfeng has intensified its anti-corruption efforts, reporting nearly 50 internal violations in 2024 and taking decisive action against major misconduct involving senior management [5]. Financial Performance - In the first ten months of the year, Dongfeng Group's total sales reached 1.501 million units, reflecting a year-on-year decline of approximately 1.6%, with significant drops in joint venture sales, particularly a 24.7% decrease in Dongfeng Honda sales [6]. - Conversely, the company's self-owned brands, including Yipai Technology, Lantu Motors, and Mengshi Technology, showed impressive growth, with sales increasing by 35.1%, 90.7%, and 196.5% respectively, contributing to a 6.6% year-on-year revenue increase to 54.533 billion yuan [6]. Strategic Direction - Dongfeng is shifting its focus towards developing its own new energy brands, with plans to delist Dongfeng Motor Group and promote Lantu Motors' listing [6]. - A new brand, Yijing, developed in collaboration with Huawei, is set to launch its first model in April next year, aiming to inject new momentum into the brand transformation [6].