Dongfeng Electric Drive System Co., Ltd was established

(This website is in Xiang Yang today): On the morning of November 18th, Dongfeng New Energy Industry has a feat in front of the world: Dongfeng Electric Drive System Co., Ltd. held its inauguration ceremony in XiangYang, Hubei. This is Dongfeng Auto Parts (Group) Co., Ltd. In-depth implementation of the innovation-driven strategy, the implementation of the green development concept and the important measures of Dongfeng's new energy business plan is another important achievement of Dongfeng Parts Group to promote the "6+1" systematic integration and accelerate the new business layout. It is very important to accelerate the promotion of the “1+1” strategy of Dongfeng’s electric drive system and further strengthen and expand the independent new energy vehicle business, and promote the implementation of Dongfeng’s “Leading Zhixing Technology” strategy and the implementation of the Triple One medium-term business plan Milestones.

Dongfeng Electric Drive System Co., Ltd. is a combination of the relevant resources of Dongfeng Auto Electronics Co., Ltd., Dongfeng Auto Electric Co., Ltd. and Dongfeng Electronic Technology Co., Ltd. After the establishment of Dongfeng Electric Drive System Co., Ltd., it will further increase investment in research and development, establish an incentive mechanism, and accelerate the cultivation of innovative talents. On the basis of adhering to independent innovation, it will actively seek broader and deeper technical cooperation. Accelerate the introduction of core talents and technological innovation capabilities; accelerate the integration of domestic and foreign advantageous resources, broaden product lines, and expand new markets. By 2022, while the traditional business will grow steadily, the revenue of new energy business will be 200 million from 2018. The Yuan has grown to nearly 2 billion yuan, and it has built a leading domestic electric drive system integration supplier and the main position and main force of Dongfeng's new energy business.

Dongfeng has Dongfeng Hangsheng Controller Co., Ltd., a subsidiary of Dongfeng Electric Vehicle Co., Ltd., and its direct electric drive system company. The establishment of Dongfeng Electric Drive Systems Co., Ltd. indicates that Dongfeng Company has gradually launched a strategic move to attack the commanding heights of core components of new energy.