That has prompted the company to push a range of cost-reduction measures, including cutting all employees’ monthly salary to 10,000 yuan (US$1,408), cancelling the development of new vehicle models and suspending delivery of new orders, Ding wrote in the letter. On October 16th, 2014, the foundation of the Dongfeng Peugeot Citroen Automobile Company Co., Ltd. (DPCA) Plant No. 4 was laid in Chengdu City. With a total investment of RMB 12.3 billion and a total designed production capacity of 360,000 units/year, the DPCA Plant No. 4 will be established and put into production at the end of 2016. On September 19th, 2002, DFM and the Nissan Motor Company signed a comprehensive cooperation agreement which gave rise to a JV project with the largest scale, the deepest cooperative level and the broadest cooperative fields in China's automobile industry. On July 15th, 1978, the production base for the second automotive model - EQ140 5t Heavy-Duty Truck was established and put into production, realizing the transformation from military use to civil use.
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Dongfeng Motors is set to enhance its footprint in the Philippines with a strategic plan to open 12 new dealerships by the end of 2024. This ambitious expansion underscores Dongfeng’s commitment to providing affordable, cutting-edge vehicles to a wider audience across the archipelago. In 2022, Dongfeng Motor Corporation launched M HERO brand, positioned as the leader of luxury electric ORV culture.
By first opening the channel for commodity vehicle dispatch and integrating transport resources inside and outside Hubei Province, DFCV has rapidly restored its transport capacity to the normal level. According to a sales express, Dongfeng Commercial Vehicle Company (DFCV) sold 16,374 medium &