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Dongfeng ranks 15th among China's top 500 firms

Updated: 2018-09-07

The 2018 China Top 500 Enterprises Summit was held in Xi'an, Shaanxi province, on Sept 2, where a list of China's top 500 firms was released by China Enterprise Confederation and China Enterprise Directors Association.

Dongfeng Motor Corporation, a company based in Wuhan East Lake High-tech Development Zone (WHDZ) in Wuhan, Hubei province, made it onto the list.

With revenues of 630.54 billion yuan ($92.33 billion) in 2017, the company ranked 15th out of 500. It ranked 16th last year.

Also, Dongfeng ranked third on the list of China's top 500 enterprises in the manufacturing sector.

In 2017, the company sold 4.12 million vehicles, achieving income of 630.54 billion yuan, an increase of 10.12 percent compared with 2016.

It sold 55,000 new energy vehicles in 2017, a year-on-year increase of 118 percent. 

The company's export sales also increased rapidly, with the export of 65,000 vehicles, representing year-on-year growth of 55.3 percent.

During the first half of 2018, Dongfeng sold a total of 1.91 million vehicles, an increase of 3.6 percent compared with the same period last year.

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A production line of Dongfeng Motor Corporation in Wuhan Economic and Technological Development Zone [Photo/WeChat account of WHDZ]