The First R&D Center of Dongfeng Auto Established in Sweden

According to the basic Equity Acquisition Agreement, the purchase will be conducted within two phases. 70% of T company’s equity will be purchased in the early stage and the other 30% will be completed within two years of the purchase. To speed up the independent R&D ability of Dongfeng and enhance the relationship between the two parties, technical teams from Dongfeng has begun the cooperation of three technical projects with T company from the beginning of 2012. In the near future, with T company as the basis, Dongfeng will further expand the overseas R&D process from electronic control to the development of transmission and vehicle modeling platform and build a overseas R&D center that is able to absorb vehicle technology talents in Europe.