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The biggest Chinese truck chassis manufacturer

The biggest Chinese truck chassis manufacturer--Dongfeng Motor Group (DFG) was signed a master cooperation agreement with VOLVO to form a 55/45 commercial-vehicle joint venture in China at last year. Today marks the establishment of the joint venture, named Dongfeng Commercial Vehicles Co., Ltd. (DFCV), ensuring excellent opportunities for the Dongfeng brand to grow in both China and oversea markets.

DFCV will specialise in reserching & developing, manufacturing and marketing Dongfeng vehicles. Its products cover the whole range of medium-duty trucks (MDT) and heavy-duty trucks (HDT), special vehicle chassis,etc. By utilizing the technologies and expertise of both shareholders, DFCV will continuously improve its operations, such as product reserch & development, product planning, production, marketing and after-sale. The company will serve both domestic and overseas customers and develop its operations to meet all the needs of a growing overseas customer base.

At the inauguration ceremony, DFG Chairman Mr. Xu Ping said: "The establishment of the new joint venture will enhance the competitiveness of DFCV’s core business, strengthen its R&D expertise in complete vehicle and key powertrain components, and actively expand its overseas business, which will increase the competitiveness of the Dongfeng brand in the global market."

Olof Persson, President and CEO of Volvo, have said:“ The establishment of DFCV entails a fundamental change in the Volvo Group’s opportunities in the strategically key Chinese truck market, which is the largest in the world. Together with Dongfeng, we will build a globally competitive company with excellent potential for growth and profitability inside and outside China.”

Dongfeng Trucks is the biggest truck chassis factory in China. The company is also in the process of building a global sales and service system. The Dongfeng Motor Group, with its operating revenue reaching USD 74 billion, is ranked 113th out of the Fortune Global 500 in 2014. Let's expect a better future of the DongFeng.


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