Core Insights - Dongfeng Group reported a slight increase in total vehicle sales for 2025, reaching 1,896,185 units, up 0.01% year-on-year, with significant growth in the new energy vehicle (NEV) segment, which saw sales of 562,833 units, a 42.62% increase [2][5] Vehicle Production and Sales Overview - Total vehicle production for 2025 was 1,945,390 units, reflecting a 3.41% year-on-year growth [2][4] - Passenger vehicles produced totaled 1,581,513 units, with a 2.64% increase, while sales slightly decreased by 1.32% to 1,523,783 units [3] - Commercial vehicles showed overall growth, with production at 363,877 units (up 6.90%) and sales at 372,402 units (up 5.86%) [4] Segment Performance - In the passenger vehicle segment, SUVs performed well with production of 721,240 units (up 12.40%) and sales of 693,828 units (up 5.17%) [3] - The multi-purpose vehicle (MPV) segment also saw growth, with production of 106,469 units (up 7.49%) and sales of 104,866 units (up 9.58%) [3] - Basic passenger vehicles experienced a decline, with production of 753,804 units (down 5.78%) and sales of 725,089 units (down 8.07%) [3] New Energy Vehicle Highlights - NEVs emerged as a key growth driver, with total production of 594,222 units (up 51.51%) and sales of 562,833 units (up 42.62%) [5] - Within the NEV category, passenger vehicles accounted for 545,894 units produced and 514,638 units sold, marking increases of 54% and 44.09%, respectively [5] Subsidiary and Joint Venture Performance - The subsidiary brands such as Lantu and Mengshi showed remarkable growth, with Lantu producing 170,066 units (up 99.86%) and Mengshi achieving a production increase of 464.13% to 10,837 units [6] - Dongfeng Nissan (including Infiniti and Venucia) reported a decline in sales to 600,006 units (down 4.94%), while Zhengzhou Nissan saw a 30.67% increase in sales to 52,140 units [7] - Dongfeng Commercial Vehicle Company achieved sales of 131,125 units, up 23.95% [7]

Overall Performance - Dongfeng Motor Group reported a total vehicle production of 1,713,734 units from January to November 2025, representing a year-on-year increase of 1.9% [2] - Total vehicle sales for the same period reached 1,697,025 units, showing a slight decline of approximately 0.3% year-on-year [2] - The parent company, Dongfeng Motor Group Co., Ltd., recorded cumulative vehicle sales of 2,204,092 units, down by about 1.4% year-on-year [2] Passenger Vehicles - Basic passenger vehicles saw a cumulative production of 663,839 units, down 7.4% year-on-year, with sales of 655,248 units, a decrease of 8.3% [2] - SUV production reached 625,557 units, up 8.2% year-on-year, with sales of 612,577 units, an increase of 3.1% [2] - MPV production totaled 98,664 units, reflecting a year-on-year increase of 14.6%, with sales of 94,791 units, up 16.7% [2] Commercial Vehicles - The commercial vehicle segment showed stable performance with a cumulative production of 325,674 units, up 8.6% year-on-year, and sales of 334,409 units, an increase of 6.9% [3] - Cargo vehicles produced 317,537 units, a year-on-year increase of 11.1%, with sales of 325,548 units, up 9.5% [3] - Heavy-duty cargo vehicles saw significant growth with production and sales of 165,203 units and 163,520 units, respectively, reflecting increases of 37.8% and 28.4% year-on-year [3] New Energy Vehicles - New energy vehicles emerged as a core growth driver, with cumulative production of 510,371 units, up 45.1% year-on-year, and sales of 489,203 units, an increase of 39.1% [3] - New energy passenger vehicles accounted for 470,675 units in production and 449,583 units in sales, with year-on-year growth rates of 47.2% and 40.6%, respectively [3] Subsidiaries and Joint Ventures - The sub-brand Yipai Technology reported cumulative production and sales of 242,813 units and 246,870 units, respectively, with year-on-year growth of 30.8% and 30.6% [4] - Lantu Motors experienced substantial growth with cumulative production and sales of 143,303 units and 132,632 units, reflecting increases of 91.9% and 92.0% year-on-year [4] - Dongfeng Nissan (including Dongfeng Infiniti and Venucia) had a cumulative production of 555,510 units, remaining flat year-on-year, while sales reached 546,222 units, down 5.1% [4]