The Chinese company has decided to put its share of the joint venture with the Japanese car manufacturer for sale, dedicated to the production of combustion engines
With a surprise decision, Dongfeng abandoned the decades joint venture with Hondasince 1998 dedicated to the production of combustion engines for the Japanese company. The Chinese state company has in fact put its participation for sale, 50% of the Dongfeng-Honda Enginethus marking a accelerated towards the target of a 100% electric offer. A price has not been set for 50% of the share belonging so far to Dongfeng, but the deadline is set for the next September 12th. A decision perhaps accrued downstream of the heavy decline recorded in 2024 by the company of Wuhanyear in which annual deliveries dropped to 1.5 million units, with a drop of 9.2% compared to 2023. The worst data came from Dongfeng-Hondawhich recorded an annual volume reduction close to 30%.
Dongfeng in Italy
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In the establishment of Guangzhou connected to the joint venture 827 employees work. For years, productivity is affected by increasingly higher internal demand towards models Plug-in or 100% electric hybrids. In parallel, Dongfeng recorded a growth of battery vehicles of more than 15% in 2024. The means that the Chinese house produces with different partners from Honda, with which, however, the existing agreement for the shared production of 100% electric models remains standing. On the other hand, the types of power provided by Dongfeng for Europe. In September 2024 the Italian market welcomed the first two models of a range today capable of covering different segments. It is off -road vehicle M-Hero 1 And the Citycar Dongfeng Box, both 100% electric. The proposal also has models a petrol or full-hybrid Like Dongfeng Huge, Mage and Shine.