Dongfeng Motor Group sells stake in Dongfeng Honda Engine Company

Dongfeng Motor Group plans to sell its 50% stake in Dongfeng Honda Engine Co., Ltd. The project is currently in the pre-listing stage, with the reserve price yet to be determined. The listing will close on September 12th. Founded in 1998 and located in Guangzhou's Huangpu District, Dongfeng Honda Engine Co., Ltd. has registered capital of US$1.2 billion and primarily manufactures auto parts and accessories. Dongfeng Honda Engine is jointly owned by Dongfeng Motor Group, Honda Motor Co., Ltd., and Honda Motor (China) Investment Co., Ltd., with shareholdings of 50%, 40%, and 10%, respectively. Dongfeng Honda Engine, established in 1998, primarily supplies engines and parts to GAC Honda. Dongfeng stated that the equity sale is intended to optimize its fuel vehicle asset structure, support Honda China's automotive business strategy, and accelerate Dongfeng's transition to new energy vehicles. Data shows that Dongfeng Honda Engine's operating revenue in the first half of 2025 was 3.807 billion yuan and its net profit was 371 million yuan.