A idiosyncratic assembles a Peugeot 3008 compact sport-utility conveyance (SUV) connected the accumulation enactment astatine a works operated by Dongfeng Peugeot-Citroen Automobile Ltd., the associated task betwixt Dongfeng Motor Corp. and PSA Peugeot Citroen, successful Wuhan, China.
Tomohiro Ohsumi | Bloomberg | Getty Images
Shares successful China's Dongfeng Motor Group skyrocketed to deed their highest level since 2017 arsenic they resumed trading Monday, aft the company's genitor announced connected Friday plans to instrumentality the automaker private.
Dongfeng Motor Group's Hong Kong-listed banal surged 69%, earlier paring gains to commercialized astatine implicit 57% higher, with Reuters reporting the take-private woody values the institution astatine astir $7 billion.
The Wuhan-based institution is besides preparing to rotation disconnected and database its electric-vehicle unit, VOYAH, successful Hong Kong.
Trading successful the company's shares was halted betwixt Aug. 11 and Aug. 22 arsenic they institution had flagged a imaginable cardinal announcement.
The take-private determination follows a March connection from China's State Council, which indicated imaginable restructuring of 3 large state-owned carmakers, including Dongfeng Motor, arsenic portion of efforts to consolidate the assemblage and heighten competitiveness.
The company, which besides released its net connected Friday, reported revenue for the archetypal fractional of the year roseate 6.6% from a twelvemonth earlier to 54.53 cardinal yuan (about $7.5 billion).
In its net report, Dongfeng noted that the "severe and analyzable landscape" facing the automotive manufacture was "unlikely to amended significantly."
"Domestic request is expected to gradually slow, portion the overseas marketplace faces caller uncertainties," it said successful its concern outlook segment, adding that marketplace segmentation volition intensify.
Dongfeng Motor, which partners with Japan's Nissan and Honda, said it delivered 823,900 vehicles successful the archetypal fractional of 2025, down astir 15% from a twelvemonth ago.
Still, income of axenic electrical and plug-in hybrid models climbed 33% to 204,400 units, making up astir a 4th of full deliveries. The VOYAH bid saw income soaring 84.8% twelvemonth connected year, the institution said successful its filing.
Last week, Dongfeng Motor Group reportedly enactment its 50% stake successful Dongfeng Honda Engine Company for sale. The company's shares roseate astir 150% year-to-date, LSEG information showed.
Dongfeng Motor Corporation, genitor of Dongfeng Motor Group, was founded successful 1969 and is 1 of China's oldest car companies.
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