Dongfeng Motor Group’s shares soared on Friday after the company announced that its parent firm intends to take the automaker private, a move that investors widely interpreted as a strong vote of confidence in the group’s future. The announcement drove Hong Kong-listed shares of Dongfeng to their highest level in nearly eight years, at one point surging 69% before closing more than 57% higher. Reports suggest the deal could be valued at around $7 billion.
For decades, Dongfeng Motor has been among China’s leading automakers, earning a reputation for offering affordable, reliable vehicles that have become a household name for millions of drivers. Its ‘value-for-money’ approach has long distinguished the brand in the domestic market. According to the company, the privatization plan will give Dongfeng greater flexibility to pursue its long-term strategies, free from the constraints of public market pressures. The move is expected to accelerate decision-making, enhance operational efficiency, and strengthen the company’s ability to adapt to industry changes.
Alongside the privatization initiative, Dongfeng is preparing to spin off and list its premium electric vehicle (EV) brand, VOYAH, in Hong Kong. VOYAH marks the automaker’s ambitious expansion into the fast-growing EV sector, offering advanced technology, contemporary design, and sustainable mobility solutions. The listing will provide VOYAH with new capital to fuel innovation, broaden its product portfolio, and sharpen its competition in both domestic and global markets.
Dongfeng emphasized that while it continues to uphold its legacy of affordability, it is equally committed to innovation and leadership in the EV space. Together, the privatization and the VOYAH listing underline the company’s determination to adapt and grow in an evolving global auto industry while maintaining its core promise of reliable, customer-focused vehicles.
DON’T MISS | NHTSA Delays NCAP Updates by One Year at Industry Request
