This year, Dongfeng and Volvo will establish a new joint venture company, of which Dongfeng will hold 55% and Volvo Group will hold 45%. The joint venture auto products of the two parties will also be unified to fly the Dongfeng brand.
Unlike the previous car companies that invested in the formation of a joint venture company, this cooperation was carried out on an existing company basis. Volvo recently purchased a 45% stake in Dongfeng Commercial Vehicles.
The reporter learned that after the establishment of the new joint venture company, it will develop, produce, and sell "Dongfeng" brand vehicles covering trucks, passenger cars, engines, and gearboxes. Both parties will also share manufacturing resources, supplier resources and international sales channels.
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