dongfeng motor grp-h-uns adr (DNFGY) Key Developments
Dongfeng Nissan Passenger Vehicle Company Launches New Pure EV Model, e30
Sep 11 14
Dongfeng Nissan Passenger Vehicle Company has launched its first pure-electric vehicle, or EV, model, e30, from its local Venucia brand. With a five million kilometer pilot run across China completed prior to launch, e30 is trusted to bring Chinese consumers an enjoyable EV experience at affordable running costs. Its starting price is set at RMB 267,800. The quality and safety of e30 have been validated by the five million kilometer failure-free pilot program, accumulated by more than 300 cars on the roads of Guangzhou, Xiangyang and Dalian. The e30 is eligible for a purchase tax exemption as part of the Chinese government's support for developing new energy vehicles. The new electric vehicle will initially be launched in nine Chinese cities-Beijing, Shanghai, Guangzhou, Shenzhen, Dalian, Wuhan, Tianjin, Zhengzhou and Hangzhou - and is expected to be available nationwide in 2015.
Dongfeng Motor Group Company Limited Reports Earnings Results for the Six Months Ended June 30, 2014
Aug 29 14
Dongfeng Motor Group Company Limited reported earnings results for the six months ended June 30, 2014. For the period, on company basis, the company reported operating revenue of RMB 3,035,926,759, operating profit of RMB 5,403,181,863, net profit of RMB 5,403,181,863 and net cash flows used in operating activities of RMB 2,684,174,341. Cash payments on acquisition and construction of fixed assets were RMB 6,605,467,040.
Dongfeng Motor Group Company Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014
Aug 29 14
Dongfeng Motor Group Company Limited announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company announced revenue of RMB 30,949 million compared to RMB 9,750 million for the same period a year ago. Profit before tax was RMB 9,434 million compared to RMB 5,629 million for the same period a year ago. Profit attributable to owners of the parent company was RMB 8,506 million compared to RMB 5,538 million for the same period a year ago. Basic and diluted earnings per share attributable to ordinary equity holders of the parent compared to was 98.72 cents compared to 64.28 cents for the same period a year ago. Net cash flows used in operating activities was RMB 1,250 million compared to RMB 9,430 million for the same period a year ago.
Dongfeng Motor Reportedly To Sell Minivan Assets
Aug 19 14
Changzhou Dongfeng Automobile Co., Ltd. is reportedly looking to sell Changzhou Dongfeng Automobile Co., Ltd.'s products CV03 minivan production from the market has been losing money, the company intends to sell the micro-off merchandise and specifically the sale of goods and disposal of assets program is under discussion.
Dongfeng Motor Group Company Limited to Report First Half, 2014 Results on Aug 29, 2014
Aug 15 14
Dongfeng Motor Group Company Limited announced that they will report first half, 2014 results on Aug 29, 2014