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DONGFENG Motor Corporation (DFM) was founded in 1969 and immediately won leading positions in the automotive industry of China.
Over a nearly 40-year history, a large network of factories was established throughout the country. At the moment, it includes several factories in Shiyan (specialize in the production of components and spare parts for medium and large-capacity commercial vehicles, as well as equipment for the production of cars), factories in Hiyangfang (specialize in the production of light commercial vehicles and passenger motor vehicles), factories in Wuhan (specialize in the production of passenger transport) and factories in Guangzhou (specialize in the production of passenger vehicles).
On September 28, 2003, the company headquarters was moved from Shiyan City to Wuhan City. The main activities of the corporation are: production of a full range of trucks and passenger vehicles, auto parts and automotive components, as well as equipment for the production of cars. Currently, the company's product range is fairly balanced and evenly distributed throughout the range of cars. By the end of 2004, DONGFENG's total assets reached 76.89 billion yuan, including net assets of 33.9 billion yuan, and the total number of workers exceeded 106,000.
During the years of development of DONGFENG, favorable conditions for research and development in the field of automotive industry have been created. The company is constantly looking for new partners for cooperation, carries out research work in the field of cars and trucks, and develops their support systems.
975 - the launch of a military truck with increased cross-country capacity of 2.5 tons.
1978 - the launch of a commercial vehicle with a payload capacity of 5 tons.
1980 - overcoming stagnation and stopping production.
1983 - construction of a production base in the city of Khiyanfan.
1986 - the annual production level of 100,000 units has been achieved.
1992 - the company was renamed DONGFENG Motor Corporation.
1993 - the annual volume of production and sales exceeded 220,000 cars, the profit was 1.5 billion yuan.
1993 - entering the market of cars.
1997 - volumes of output and sales start to grow after a short recession.
1998 - losses in the first quarter were fixed at 540 million yuan, annual losses amounted to 396 million yuan.
1999 - serious systemic reforms implemented
2000 - the volume of production and sales again exceeded 220,000 cars, a profit of 1.38 billion yuan was received, the deficit is completely covered.
2001 - the main business performance indicators beat all historical records.
2002 - a new jump in the basic business indicators.
2003 - creation of a joint venture with Nissan, restructuring.
2004 - development of production of trucks of a new model range.
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