OREANDA-NEWS. December 16, 2011. In Nov. 2011, DFG achieved sales of 192,724 units, up 9.11% compared with the Nov. of 2010, and up 6.05% mom, reported the press-centre of DFG.

Among which, PV sold 150,894 units and CV sold 41,830 units, PV was up 13.18% and CV was down 3.40% respectively yoy. PV was up 5.67% mom and CV was up 7.47% mom.

Blended sales for DFG in the first eleven months were1,968,385 units, up 11.02% yoy, reported the press-centre of DFG.

Second Automotive Works, the predecessor of Dongfeng Motor Corporation, the parent of the Company, was established in September 1969.

In 2000, Dongfeng Motor Corporation underwent a debt restructuring arrangement, with China Huarong Asset Management Corporation, China Cinda Asset Management Corporation, China Orient Asset Management Corporation, China Great Wall Asset Management Corporation and China Development Bank to jointly form the Company.

The Company was incorporated on 18 May 2001. In 2004, the Company was transformed into a joint stock limited company after repurchasing all equity interests held by shareholders other than Dongfeng Motor Corporation. The Company initially issued H shares overseas on 6 December 2005 and completed an over-allotment on 13 December 2005. As a result, the aggregate share capital of the Company was enlarged to RMB8,616,120,000, which comprised domestic shares and H shares of RMB5,760,388,000(approximately 66.86%) and RMB2,855,732,000 (approximately 33.14%), respectively.

Currently, the Company has 14 subsidiaries, jointly-controlled entities and other companies in which the Company has direct equity interests, all of which constitute Dongfeng Motor Group. Dongfeng Motor Group is primarily engaged in the manufacture and sale of commercial vehicles, passenger vehicles and auto engines and parts, the manufacture of vehicle manufacturing equipment, finance businesses as well as other automotive-related businesses.

In 2010, the Dongfeng Motor Group commanded a market share of approximately 10.8% in terms of the total sales volume of domestic commercial and passenger vehicle manufacturers in the PRC, according to the statistics published by the China Association of Automobile Manufacturers.