Wuhan, China

Dongfeng Motor Group

dfmg.com.cn/EN
Wuhan, China

Dongfeng Motor Corporation is a Chinese state-owned automobile manufacturer headquartered in Wuhan, China. Traditionally one of the "Big Three" Chinese automakers, Dongfeng is currently in the top four along with Chang'an Motors, FAW Group, and SAIC Motor.In addition to commercial and consumer vehicles, it also manufactures parts and cooperates with foreign companies. Counting six global automakers as partners, it has more Sino-foreign joint ventures than any other Chinese carmaker. These partnerships allow it to produce and sell a variety of foreign-branded products in China including those of Citroën, Honda, Kia, Nissan, Peugeot, and Renault. Other brand names associated with Dongfeng include Fengshen, Infiniti, Luxgen, and Venucia. Heavy-duty commercial vehicles and buses are sold under the eponymous Dongfeng brand.The company was the second-largest Chinese vehicle maker in 2014 by production volume manufacturing over 3.5 million whole vehicles that year. Commercial vehicle production was higher than all other domestic manufacturers at nearly 450,000.Dongfeng has two listed subsidiaries—Dongfeng Motor Group Co and Dongfeng Automobile Co Ltd .Dongfeng is sponsoring the Chinese entry for the 2014–2015 Volvo Ocean Race, round-the-world sailing race. Wikipedia.

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Qin Q.,Hubei University of Automotive Technology | Hua J.,Dongfeng Motor Group
Tezhong Zhuzao Ji Youse Hejin/Special Casting and Nonferrous Alloys | Year: 2017

Submicron SiC particle reinforced Al matrix composites was fabricated by powder metallurgy method. The microstructure of the as-prepared composites was observed by scanning electronic microscopy (SEM), and the mechanical properties were characterized by tensile testing and Brinell hardness test. The results reveal that with increasing in the volumetric fraction of SiC submicron particles, the relative density of Al matrix composites is decreased, and hardness and frictional coefficient are increased, while tensile strength and the wear rate of the composites are increased firstly and then decreased. When the volumetric fraction of SiC submicron particles is 6.0%, tensile strength of the composites prepared reaches the maximum value with low wear rate. When SiC submicron particles were added into the aluminum matrix composites, due to its high hardness and strength bearing to certain loading to hinder the sliding of the grain boundaries, mechanical properties and wear resistance of Al matrix composites were improved. © 2017, Journal Office of Special Casting and Nonferrous Alloys. All right reserved.


Song Y.,Wuhan University of Technology | Hua L.,Hubei University of Automotive Technology | Chu D.,Dongfeng Motor Group | Lan J.,Hubei University of Automotive Technology
Materials and Design | Year: 2012

A novel approach has been proposed to characterize the inhomogeneous mechanical properties of weld materials by using the micro-Vickers hardness test combined with the rule of mixture. This proposed method has introduced the influences of the inhomogeneous properties of weld materials by considering the variations in plastic behaviour across the weld cross-section. The inhomogeneous properties of laser welding beams for tailor welded blanks (TWBs), which were three different types of combinations of DX56D and DP600 automotive steel sheets, were extracted by using this proposed method. The instrumented indentation tests were conducted to verify the measured inhomogeneous properties of weld materials. The fact that the calculated true stress-strain curves agreed well with the experimental ones has confirmed the reliability and accuracy of the proposed method. © 2011 Elsevier Ltd.


Shi J.,Jilin University | Shi J.,Dongfeng Motor Group
Chinese Journal of Mechanical Engineering (English Edition) | Year: 2011

The existing investigations of vehicle ride comfort mainly include motion characteristics analysis based on creating a multi-body dynamic simulation model, and the parameters analysis to improve the suspension control for the target. In the study of creating multi-body dynamics simulation models, there is usually without considering calibration and test verification, which make it difficult to ensure the production of engineering. In the study of improving the suspension control parameters for the target, there is a lack of systematic match about comfortable and human characteristics, so it is difficult to implement in the field of driving and leading the vehicle design. In this paper, based on the different characteristic of suspension system that effects on the vehicle ride comfort, according to the suspension system dynamic mechanism, the research methods of vehicle road test, bench test and CAE simulation is used, at the same time, several sensitivity analysis of vehicle ride comfort related to suspension stiffness and damping and speed is made. As a result, the key suspension systematic parameters are given that have important impact on vehicle ride comfort. Through matching parameters, a calibration analysis of suspension system based on human comfort is obtained. The analysis results show that the analysis methods for the design target of making the vehicle with best comfort are effective. On the basis of the theory study, five suspension parameter matching principles are explored to promise the vehicle with perfect ride comfort, which also provide theoretical basis and design methods for the passenger car best match of suspension system stiffness and damping. The research results have the promotional value of practicability and a wide range of engineering application. © 2011 Chinese Journal of Mechanical Engineering.


Zhao J.,Huazhong University of Science and Technology | Zhang H.,Dongfeng Motor Group
Proceedings - 2010 7th International Conference on Fuzzy Systems and Knowledge Discovery, FSKD 2010 | Year: 2010

When ship docks at harbor or other sea area, both the robustness and dynamic properties of course control system are required strictly. Because the model parameters are relative to the speed and load of the ship, it is difficult to design a good controller based on the ship model. This paper combines internal model control with fuzzy neural network to design a course system. First, it designs a zero steady-state error controller which ensures robustness of the course control system relay on inner model. For the zero steady-state error controller, it is necessary to reduce the dynamic properties of the control system to ensure the robustness. Thus, this paper uses fuzzy neural network to adjust the pole sites of the closed control system based on the ship course and course change rate. It designs a new structure of fuzzy neural network which uses neural network to represent the fuzzy rules. According to expert experiences, it also gives out the weights computation method of fuzzy neural adjuster. At last, the hybrid course control system is applied in a actual ship and the course response curves indicate that the course control system possess good robustness and dynamic properties. ©2010 IEEE.


News Article | February 11, 2015
Site: www.bloomberg.com

By mid-December, it looked like 1998 all over again. Stocks, bonds and currencies across the developing world were plummeting, as they had 16 years earlier when Russia surprised investors by defaulting on its debt. On Dec. 15, a Bloomberg index tracking 20 big emerging-markets currencies fell to its lowest level in a decade. The Russian ruble fell past 64 to the dollar for the first time ever, as the price of oil sank and international sanctions took hold. Bonds issued by Brazilian oil giant Petrobras Brasileiro SA nosedived amid a massive corruption probe. In December alone, investors pulled more than $4 billion from emerging-markets exchange-traded funds, erasing 48 percent of the inflow for the year, according to data compiled by Bloomberg. As the tumult continued into 2015, discerning emerging-markets investors saw opportunity, Bloomberg Markets magazine will report in its March issue. They're bullish on China, South Korea and, despite a 50-plus percent drop in the oil price in 2014, the Gulf nations. South Korea tops Bloomberg Markets' fourth annual ranking of the most-promising emerging nations in which to invest in 2015, with Qatar No. 2, China No. 3 and the United Arab Emirates No. 4. Saudi Arabia heads the list of the most-promising frontier markets. "Both Korea and China look attractive at this stage," says Mark Mobius, who oversees $40 billion as executive chairman of Templeton Emerging Markets Group. Noting that China and South Korea are oil importers, Mobius says, "Both markets will benefit from low oil prices and relatively high economic growth." More than half of the market capitalization of South Korea's Kospi Index of stocks consists of exporters, says Hartmut Issel, head of Asia-Pacific investment at UBS Wealth Management. Samsung Electronics Co. alone accounts for 17 percent of the market. "The fate of Korean stocks is thus largely determined by how big customers such as the U.S. are doing," Issel says. Optimism about Korea is tempered by its competitive weakness against rival Japan. "A major issue for the Korean market is the relative value of the won versus the yen," says Jim O'Neill, retired head of Goldman Sachs Asset Management. The yen fell 11 percent against the won in the 12 months through Feb. 2. A weak currency makes exported goods cheaper. The South Korean economy grew at an anemic 0.4 percent pace in the three months through December from the previous quarter, according to the Bank of Korea. China's markets were unaffected by the emerging-markets crisis, with the Shanghai Composite Index rising 58 percent in 2014, including reinvested dividends, after slumping 3.9 percent in 2013. "I don't understand why people are so negative about China," says O'Neill, who coined the term BRICs in 2001 to highlight the rising economic power of Brazil, Russia, India and China. "I assumed China would grow by 7.5 percent a year this decade," he says. "So far, it will have averaged 7.9 from 2011 to 2014." The Bloomberg Markets emerging and frontier markets rankings are based on 19 measures of the investing climate, from forecasts of gross domestic product growth for the next two years to the ease of doing business. MSCI Inc., a New York–based publisher of equity indexes, designates countries as emerging or frontier based on a variety of criteria, including trading volumes, restrictions on foreign investors, corporate governance, and currency and political stability. In 2014, MSCI moved Qatar and the U.A.E. from the frontier to the emerging index, which helped them pull in $3.5 billion from global emerging-markets funds, according to EFG-Hermes Holding SAE. South Korea, widely considered a developed market, remains on MSCI's emerging list because of limits on the convertibility of the local currency and restrictions on access to its markets. Saudi Arabia is classified as frontier because it limits direct investment in its markets to the six members of the Gulf Cooperation Council, or GCC. Others can invest only via swaps or ETFs. In July, Riyadh announced it would remove those restrictions. It may do so in April, according to two people familiar with the matter. That will set the conditions for it to be designated an emerging market as early as 2017, Sebastien Lieblich, head of MSCI Index Research, told Bloomberg in July. The Saudi stock market had a market cap of $537.36 billion as of Feb. 2, making it the biggest market in the Middle East by far. The Tadawul All Share Index rose 3.1 percent in the 12 months through Feb. 11. Among its listed stocks are Saudi Basic Industries Corp., one of the world's largest petrochemical producers; Al Rajhi Bank, the biggest Islamic lender; and Kingdom Holding Co., the investing vehicle of billionaire Prince Alwaleed Bin Talal Al Saud. The oil price plunge is certain to carve a hole in the budgets of the Gulf oil and gas exporters. The government of Saudi Arabia is already projecting a budget deficit of $39 billion for 2015. Yet the government of the late King Abdullah refused to countenance a reduction of oil production to drive up prices in meetings of the Organization of Petroleum Exporting Countries. The king died at the age of 90 in January and was succeeded by the crown prince, Salman bin Abdulaziz Al Saud. Analysts didn't expect the kingdom's oil policy to change under Salman, 79. Money managers point out that Saudi Arabia and other Gulf nations can easily fund their ambitious domestic development projects by drawing on the dollar reserves they built up while petroleum prices were high. "GCC governments have accumulated massive surpluses in the past decade thanks to elevated energy prices," says Dubai-based Rami Sidani, the head of frontier markets investing at Britain's Schroder Investment Management. The reserve amounts are  $726.5 billion for the Saudis, $74.7 billion for the U.A.E. and $42.2 billion for Qatar, according to data compiled by Bloomberg. "The main growth driver in this part of the world is government spending," Sidani says, "and we expect these governments to proceed with that in order to diversify their economies." That makes consumer companies, real estate and the banks that fund them a good bet, says Hootan Yazhari, managing director for global frontier markets at Bank of America Merrill Lynch. He recommends Dubai-based Emaar Properties PJSC and Abu Dhabi–based Aldar Properties PJSC, First Gulf Bank PJSC and Abu Dhabi Commercial Bank PJSC. In Saudi Arabia, clothing retailer Fawaz Abdulaziz Alhokair & Co. and bookstore chain Jarir Marketing Co. are among Merrill Lynch's top picks. Elsewhere in the developing world, the crisis has opened a rift among the BRICs. "These four countries could hardly be more heterogeneous at this point," says UBS's Issel. He sees continuing turmoil in Brazil, No. 16 in the ranking, and Russia, No. 22, in 2015. "In Russia, recession is inevitable," he says. At the same time, investors glow with enthusiasm for the other two BRIC nations. "We are most excited about the new governments in China and India, who have put reforms in place that will benefit the economy and financial markets in 2015," says Pearlyn Wong, a Singapore-based investment analyst for Switzerland's Bank Julius Baer & Co. Narendra Modi took over as India's prime minister with a reformist economic agenda on May 26. Since then, the benchmark S&P BSE Sensex stock index was up 16 percent as of Feb. 11. China's equity market should get a boost in 2015 from the stock-connect program that allows foreign investors to buy mainland shares through the Hong Kong market, says Adam Tejpaul, head of Asian investments at J.P. Morgan Private Bank. China will also benefit from lower energy prices and a dovish monetary policy by the People's Bank of China, which will provide liquidity to the country's markets, Tejpaul says. "Company fundamentals in the mainland are increasingly positive," says Andrew Gillan, head of Asia (ex-Japan) equities at Henderson Global Investors. "Favored holdings include Baidu, which dominates the Internet search market." Henderson also likes Brilliance China Automotive Holdings Ltd., a joint venture partner with Bayerische Motoren Werke AG, and Dongfeng Motor Group Co., which has partnerships with Honda Motor Co. and Nissan Motor Co. Long-term investors shouldn't be deterred by the current turmoil, Mobius says. "Three key themes remain in place," he says. "Emerging markets' economic growth rates in general continue to be markedly faster than those of developed markets, emerging markets have much greater foreign reserves than developed markets, and the sovereign-debt-to-GDP ratios of emerging-market countries generally remain much lower than those of developed markets." Even with major nations like Russia and Brazil hobbled by low commodities prices, scandal and sanctions, Mobius concludes, growth rates -- and share prices -- in developing markets will outpace those in the U.S., Europe and Japan in 2015. How We Crunched the Numbers Bloomberg ranked frontier and emerging markets based on their overall investment potential through 2016. We used data from Bloomberg, MSCI, FTSE, Standard & Poor's and JPMorgan to decide whether a country was emerging or frontier. Countries were awarded points for their performance in each of 19 indicators. For each variable, the worst-performing country received zero points while the best performing received the maximum number of points assigned to that variable, according to its weight. All other countries received points between these two extremes. Points were summed into a total score, with the range being zero to 100. All data were the latest available as of Jan. 2. Economic indicators got 40 percent of the weight in the ranking and included: average projected GDP growth for 2015 and 2016, plus projected inflation rate, government debt as a percentage of GDP, total investment as a percentage of GDP and current-account balance as a percentage of GDP. Also included were the current labor participation rate, foreign reserves as a percentage of GDP and World Economic Forum infrastructure score. Financial indicators also got 40 percent of the weight in the ranking. They included the price-to-book ratio of the primary equity index, liquidity of the primary equity index over three years, exchange-rate volatility over three years, two-year sovereign-debt credit-default-swap spread and the Economist Intelligence Unit's banking risk score. Political and social measurements (20 percent) included Transparency International's Corruption Perceptions Index score, the EIU's political risk score, the World Bank's ease-of-doing-business score and the adult literacy rate. --With assistance from Richard Frost in Hong Kong and Alex McIntyre in New York.


News Article | February 24, 2014
Site: www.zdnet.com

European businesses are still uncertain about selling their companies to the Chinese, preferring instead to be taken over by a fellow European or U.S. company. Davide Cucino, president of the European Union Chamber of Commerce in China, said during a visit at the Lufthansa Center in Beijing: "I have to tell you frankly that when there are deals involving rivals bids, a company might prefer to sell to another European business rather than one from China." Based in China for 26 years, the senior official oversees China operations for Italian engineering conglomerate, Finmecccanica Group. He added that U.S. companies were not the only ones concerned about Chinese investment, reported China Daily. "There still remains a feeling of uncertainty when considering an investment that comes from China. You have the unions, government leaders, and the consensus of public opinion that are reluctant to see beyond the negative aspects [and] see the positive side of these investments." Cucino applauded efforts by the Chinese government to boost ODI (outward direct investment), which would help ensure China nurtured more global companies and pave the way for Chinese businesses to become more competitive in a global landscape. According to the latest stats from China's Ministry of Commerce, the country's ODI climbed 16.8 percent to US$90.17 billion last year, and would surpass foreign direct investment (FDI) within two years. FDI last year grew just 5.25 percent to US$117.59 billion. Chinese companies have been making significant overseas investments including China's second-largest automotive manufacturer, Dongfeng Motor Group, which last week announced it would fork out 800 million euros (US$1.1 billion) for a stake in French automaker, PSA Peugeot Citroen. Chinese PC giant, Lenovo Group, last month also made headlines with its US$2.91 billion acquisition of Google's Motorola Mobility handset business. This followed its US$2.3 billion buyout of IBM's x86 server business. According to a China News Service report Monday, Chinese companies are moving to tap falling valuations in Europe and the U.S. a result of the financial crisis. Paul M. Cheng, chairman of Hong Kong-based private equity China High Growth (CHG) and former member of the Hong Kong Legislative Council, said in the report: "I expect to see a lot more investments over the next 5 to 10 years. It is an opportunity for Chinese companies to acquire technology instead of relying on their own home-cooking research and development. "They can also acquire consumer brands. Very few Chinese companies have global brands and even their names are a no-go as far as Western consumers are concerned," Cheng said. Echoing similar sentiments, Cucino said most of China's home-grown entities still lack a truly global footprint. He noted that many of the 89 Chinese organizations currently on the Fortune 500 list conducted most of their business within China, with "very minor international elements". These companies made the list primarily due to their size, he added, but said they had potential to become more international global. He urged Chinese companies to understand the importance of governance, pick up new skills, and be better prepared for the pace and challenges of international markets. According to Cucino, the majority of Chinese ODI comes in the form of purchasing stakes in small and midsize businesses and buying up research and development (R&D) units. Most of these involve smaller companies that offer high-end technology that Chinese businesses don't yet own. "There are a lot of companies in Europe with good products but are not in good financial shape because of the financial issues that are happening in Europe.  Chinese companies have the strength and power to offer a high price when they do a deal," he explained. Good news is that Europe is more open than the U.S. , he said, indicating more potential for huge deals and investments in the future.  Chinese investments involving infrastructure projects, though, can be tricky, he said, noting that some EU countries were more wary about Chinese involvement in infrastructure and utilities. So why exactly EU businesses are more nervous about letting the Chinese buy them out, preferring instead to be taken over by a U.S. company or fellow European firm? If security is the main concern, as he alluded to, then surely a U.S.-owned entity would ring similar alarm bells in this post-Snowden era ? Were there similar concerns in the 1980s when Japanese companies making similar investments? Perhaps China still needs to prove it can spawn genuinely innovative companies able to successfully commercialize their inventions, and not simply build a business model based on plagiarism. And Cucino is right, Chinese companies need to guide themselves via international governance and industry standards, as well as prepare to face the challenges of international markets. This could also mean having the resolute to address global scepticism .


News Article | September 16, 2015
Site: www.zdnet.com

PSA Peugeot Citroen and Chinese company Dongfeng Motor Group are coming together in a partnership focused on improving electric vehicle battery development. At the 2015 Frankfurt car show on Wednesday, Peugeot's head of research and development Gilles Le Borgne told attendees electric vehicle (EV) battery development will be the common ground and starting point for the new partnership, which will eventually lead to the creation of a new EV by 2020. As reported by Reuters, Le Borgne said: An operating partnership with Mitsubishi related to current-generation electric vehicles is ongoing, the executive added. EVs, the all-electric answer to fossil fuel-based traditional vehicles, are gaining traction as we look for ways to keep transport going in a world where fossil fuel supplies are dwindling. Reliance on electric power does take oil out of the equation, but low battery capabilities, high prices, a lack of charging stations and so-called "range anxiety" -- the fear of running out of juice on a journey -- are all areas which must be tackled before EVs have the chance to be adopted into the mainstream. In July last year, Tesla and Panasonic announced the creation of the Gigafactory, an enormous Nevada-based factory dedicated to improving electric vehicle batteries. At the show, Porsche revealed a 600-horsepower all-electric car which has a range of 330 miles and can charge up to 80 percent of its battery in 15 minutes. However, the Mission EV will not be on sale for a few years yet.


News Article | November 8, 2016
Site: www.prnewswire.co.uk

WUHAN, China, Nov. 8, 2016 /PRNewswire/ -- On November 7, 2016, Dongfeng Motor Corporation officially announced exclusive title sponsorship for the Dongfeng Race Team in the Volvo Ocean Race 2017-18, one of the world's top sailing events. It is the second time for Dongfeng to participate in this competition as the only Chinese entry. During the press conference, French sailor Charles Caudrelier -- who led the team to the third place in the 2014-15 race -- was again appointed skipper of Dongfeng race team, saying, "It is a great honor to be the skipper of the Dongfeng team again." Mr. Caudrelier went on to say he expected a new record in the new edition. Su Ke, executive secretary of the Chinese Yachting Association, said, "The Dongfeng Race Team has made a positive contribution to Chinese ocean sailing; we hope that in the new edition, the team will train more Chinese ocean sailors." Yang Qing, VP of Dongfeng Motor Group Co., Ltd., said, "We hope that by taking part in the Volvo Ocean Race, we can develop Dongfeng's business overseas, which is a large part of our long term global development strategy." In recent years, Dongfeng Motor Corporation's sales volume has enjoyed sustainable growth. According to the latest Fortune 500, in 2016, Dongfeng Motor Corporation moved up 28 spots to 81st place with revenue of USD82.817 billion, and ranked 16th among Chinese enterprises on the list. Meanwhile, Dongfeng Motor Corporation has been in the world's top 200 of the "Fortune" 500 for seven consecutive years. Dongfeng Motor Corporation's title sponsorship of the Dongfeng Race Team for the Volvo Ocean Race 2017-18 will continue to expand its global influence through the event. Moreover, driven by the "The Belt and Road Initiative", Dongfeng will consolidate its results scored in the previous race and enhance the brand world influence of the Dongfeng. The Volvo Ocean Race 2017-18 begins on October 22, 2017 in Alicante, Spain, and continues for eight months, with 11 landmark stopovers across five continents before finally ending in The Hague, Netherlands.


News Article | November 8, 2016
Site: en.prnasia.com

WUHAN, China, Nov. 8, 2016 /PRNewswire/ -- On November 7, 2016, Dongfeng Motor Corporation officially announced exclusive title sponsorship for the Dongfeng Race Team in the Volvo Ocean Race 2017-18, one of the world's top sailing events. It is the second time for Dongfeng to participate in this competition as the only Chinese entry. During the press conference, French sailor Charles Caudrelier -- who led the team to the third place in the 2014-15 race -- was again appointed skipper of Dongfeng race team, saying, "It is a great honor to be the skipper of the Dongfeng team again." Mr. Caudrelier went on to say he expected a new record in the new edition. Su Ke, executive secretary of the Chinese Yachting Association, said, "The Dongfeng Race Team has made a positive contribution to Chinese ocean sailing; we hope that in the new edition, the team will train more Chinese ocean sailors." Yang Qing, VP of Dongfeng Motor Group Co., Ltd., said, "We hope that by taking part in the Volvo Ocean Race, we can develop Dongfeng's business overseas, which is a large part of our long term global development strategy." In recent years, Dongfeng Motor Corporation's sales volume has enjoyed sustainable growth. According to the latest Fortune 500, in 2016, Dongfeng Motor Corporation moved up 28 spots to 81st place with revenue of USD82.817 billion, and ranked 16th among Chinese enterprises on the list. Meanwhile, Dongfeng Motor Corporation has been in the world's top 200 of the "Fortune" 500 for seven consecutive years. Dongfeng Motor Corporation's title sponsorship of the Dongfeng Race Team for the Volvo Ocean Race 2017-18 will continue to expand its global influence through the event. Moreover, driven by the "The Belt and Road Initiative", Dongfeng will consolidate its results scored in the previous race and enhance the brand world influence of the Dongfeng. The Volvo Ocean Race 2017-18 begins on October 22, 2017 in Alicante, Spain, and continues for eight months, with 11 landmark stopovers across five continents before finally ending in The Hague, Netherlands.

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