What is the relationship between Guangzhou Fengshen Automobile and Dongfeng Nissan (Guangzhou)?

Fengshen Automobile, which was established in March 2000 by Taiwan Province Yulong, is the predecessor of Dongfeng Nissan passenger car and the product of Dongfeng Motor's attempt to arrange automobile production in the coastal areas. At that time, the shareholding structure was: Dongfeng accounted for 60% and Yulong accounted for 40%, mainly producing Nissan Bluebird cars. The company has only existed for three years, but it has created a myth of China automobile industry: when it was founded, its registered capital was only 65.438+0.3 billion yuan. Dongfeng Motor invested only 23 million yuan of its own funds, but the first car went off the assembly line in the second month after the company was established, with a profit of 50 million that year. Since then, the performance of Fengshen has been even more surprising. In 2002, Fengshen became the sixth profit of the whole industry, accounting for nearly half of Dongfeng's profit that year, and became the most important financial source of Dongfeng. Three years after Fengshen was founded, its assets soared from 65.438+0.3 billion yuan to 7 billion yuan, and its accumulated profits exceeded 4 billion yuan. It produced and sold more than 10,000 cars of Fengshen Bluebird/KLOC-0.0 million. Ren Yong, who led the company to create this miracle, led the establishment of Fengshen Automobile and served as the general manager of Fengshen Automobile.

In 2003, with the strong support of the State Economic and Trade Commission, Dongfeng Motor Co., Ltd. and Nissan Motor Co., Ltd. set up the largest joint venture company in China's automobile industry with a registered capital of 654.38+0.67 billion yuan, with Dongfeng and Nissan each holding 50% shares, of which Nissan contributed in cash, and Dongfeng took commercial vehicle business-related assets and original Fengshen automobile assets as shares, so Yulong was forced to withdraw. After the establishment of the new joint venture company, the passenger car business will be undertaken by the specially established Dongfeng Motor Co., Ltd. Passenger Car Company (also known as Dongfeng Nissan Passenger Car Company). Therefore, Dongfeng Nissan, which we often see and hear now, is a secondary company under Dongfeng Motor Co., Ltd., and it is a direct cooperation between Dongfeng and Nissan. Both parties hold 50% of the shares. No shares in Taiwan Province Yulong or other companies.

After the establishment of Dongfeng Nissan Passenger Car, two company names prefixed with "Fengshen Automobile" were retained, but their meanings were quite different from the original ones. Guangzhou Fengshen Automobile Co., Ltd. refers to Huadu Factory of Dongfeng Nissan Passenger Car Company, and Fengshen Xiangfan Automobile Co., Ltd. refers to Xiangfan Factory of Dongfeng Nissan Passenger Car Company.

Yulong Nissan Automobile Co., Ltd. was established in 2003, separating the original R&D and sales-related business of Yulong Automobile Manufacturing Co., Ltd., with a capital of NT$ 3 billion. Yulong automobile manufacturing co., ltd originally held 100% of the shares, and later Yulong transferred 40% of the shares of the company to Nissan.

The latest origin of Dongfeng and Yulong is to come together again on the Nazhijie project in Hangzhou. Just earlier this month, Dongfeng acquired a 20% stake in Hangzhou Nazhijie Company through Dongfeng Hangzhou Automobile Co., Ltd., and Yulong held a 50% stake in Hangzhou Nazhijie Company. Yulong hopes to realize the re-layout in the mainland with the help of Hangzhou Nazhijie. This project has been strongly supported by the Hangzhou municipal government, and the final success or failure remains to be seen.

After reading the above, you should have a clear understanding of the historical origins and current cooperative relations of Dongfeng, Yulong, Nissan and Dongfeng Nissan.