SMM News: a few days ago, Dongfeng Motor announced that it would invest 594 million yuan to set up Xiangyang Dongfeng Hanjiang New Energy vehicle supply chain Fund Partnership with Beijing Ruihe Xinye Investment Co., Ltd., Hanjiang Investment Holdings Co., Ltd. (hereinafter referred to as "Dongfeng Hanjiang Fund"). It is understood that the Dongfeng Hanjiang Fund investment field is mainly aimed at the new energy vehicle industry, and will focus on supporting the operation of Dongfeng new energy vehicles in the future.
At present, Dongfeng Motor has three new energy passenger models, namely Junfeng E11K, Junfeng ER30 and Junfeng E17. It is understood that in order to promote the sales of Dongfeng's new energy models, Dongfeng Motor has previously set up a "Dongfeng New Energy vehicle Project Company," which buys new energy models from Dongfeng cars and rents them to other companies to earn rental fees.
According to the announcement, the investment scale of the Dongfeng Hanjiang Fund is 1.2 billion yuan, of which the first phase is 600 million yuan. Dongfeng Motor Co., Ltd. accounted for 49.5% of the total investment of 594 million yuan. In the future, Dongfeng Hanjiang Fund will invest in Dongfeng New Energy vehicle Project Company by contributing to the establishment of a sub-fund. In the announcement, Dongfeng Motor said that the company is involved in investing Dongfeng Hanjiang Fund. It can increase the sales of new energy vehicles while reducing the risk of payback of accounts receivable and increasing the cash flow of the company.