Dongfeng Motor Parts And Components Group Co., Ltd. Business Report FY ended Dec. 2021
Dongfeng Technology completed asset reorganization
-In September 2021, Dongfeng Electronic Technology Co., Ltd. (Dongfeng Technology) completed the delivery of the assets subject to the asset restructuring project transaction, which, according to an announcement by Dongfeng Technology in June 2020, involved equity interests in several companies in the Dongfeng Parts Group.（from multiple sources）
Strategic cooperation
The subsidiary DFCS and Wugang Group Co., Ltd. jointly set up Innovation Studio
-Baowu Jixi Wuhan Steel Co., Ltd. and Dongfeng Motor Chassis Systems Co., Ltd. (DFCS) held a signing ceremony for the establishment of a joint Innovation Studio in Shiyan. The two companies will focus on chassis weight reduction, and through deeper research and development, will work to reduce the carbon content of high-strength steels. They will also accelerate the development of green and low-carbon technologies and promote initiatives to add value to the entire value chain. (From a press release dated February 21, 2022)
The subsidiary Dongfeng Die & Stamping Technologies Co., Ltd. cooperates with HUST
-The Company’s subsidiary Dongfeng Die & Stamping Technologies Co., Ltd. and Huazhong University of Science and Technology (HUST), agreed to a strategic partnership to conduct a research project on stamping and forming technology for 1180-1470 MPa ultra-high strength steel. The Company signed an industry-university-research cooperation agreement with HUST in September 2017 to carry out in-depth cooperation for the research on new technologies for key automotive parts, which also laid the foundation for subsequent cooperation. The "demonstration project of high-precision complex machining line for passenger car dual clutch transmission and shift hub", in which both parties participated, successfully passed the acceptance inspection in 2020. (From a press release dated July 12, 2021)
Outlook 2022
-The company plans to reach CNY 18 billion in sales in fiscal year 2022. (From a press release dated January 21, 2022)
Plant construction
-On December 28, 2021, the relocation of the intelligent new factory of its subsidiary, Dongfeng Automobile Electronics Co., Ltd., was officially launched. The intelligent new factory construction project was launched in April 2019 and is located in the Dongjin New Area Dongfeng Parts Group Industrial Park in Xiangyang, covering an area of about 3.5 acres. After the formal opening, it will have an annual capacity of 600,000 sets of combined instrumentation for automobiles and construction machinery, 6 million sets of sensors of various types, and 600,000 sets of body control modules. It is expected to achieve sales of CNY 5 billion within 5 years after the start of production. (From a press release dated December 28, 2021)
-On November 23, 2021, the 1.8 millionth silicone oil clutch fan assembly came off the production line of the Wuhan plant of Dongfeng Behr Thermal Systems Co., Ltd. A new silicone oil fan production line was officially opened to realize product upgrading and smarter manufacturing technology. The design capacity of this production line is expected to reach 380,000 units/year. (From a press release dated November 25, 2021)
-On October 26, 2021, a mass production roll-out ceremony for the first Chinese domestic Nissan e-POWER drive motor and controller project was held at the drive motor plant of Dongfeng (Wuhan) Electric Drive Systems Co., Ltd. (From a press release dated October 27, 2021)
-On October 21, 2021, the new plant of Knorr-Bremse DETC Commercial Vehicle Braking Technology Co., Ltd. was officially put into operation to vigorously promote corporate transformation with intelligent factory construction and systematic integration of intelligent driving technology. (From a press release dated October 21, 2021)
-On June 12, 2021, 2 million Dongfeng Maxion Wheels Co., Ltd. aluminum alloy wheels for high-end passenger cars started trial production. This will accelerate the shift to lighter weight and upgrades. (From a press release dated June 23, 2021)
-On May 12, 2021, the subsidiary Knorr-Bremse DETC Commercial Vehicle Braking Technology Co., Ltd. launched operation of its Wuhan center. This center will carry out the four functions of marketing, product design, application development, and project management, and will involve various products for systems such as air supply and treatment systems, transmission systems, vehicle dynamic controls, and steering systems. (From a press release dated May 19, 2021)