Dongfeng Motor invests 500 million yuan to establish a new intelligent chassis company

Dongfeng Hongtai Holding Group, a subsidiary of Dongfeng Motor Corporation, established Yuxin Intelligent Chassis System (Hubei) Co., Ltd. on August 4th with registered capital of 500 million yuan. The company will focus on the research and development and manufacturing of automotive parts, as well as the integration of intelligent control systems. This investment marks a further step forward for Dongfeng Motor in its intelligent transformation and the development of its own components.