GAC Honda Acquires Full Ownership of Former Dongfeng Honda Engine Company

[Company Update] GAC Honda has completed the full acquisition of the former Dongfeng Honda Engine Co., Ltd., which has been renamed GAC Honda Engine Co., Ltd.

⚡ Core Development: Equity Restructuring Accelerates Electrification Transition

On January 4, 2026, the former Dongfeng Honda Engine Co., Ltd. finalized its business registration changes, with Dongfeng Motor Group and all other shareholders fully exiting. The company is now wholly owned by GAC Honda, and its registered capital has increased from approximately USD 120 million to RMB 9.7 billion.

🔍 Strategic Rationale: Consolidating ICE Assets to Counter New Energy Disruption

As early as August 2025, Dongfeng Motor Group listed its 50% stake for sale at a starting price of RMB 11.72 billion. In September of the same year, GAC Group officially announced that GAC Honda would acquire the stake in cash. This move aims to optimize the layout of traditional powertrain assets and concentrate resources on advancing its electrification strategy.

💡 Industry Impact: Deep Restructuring of Joint Venture Frameworks

With Gao Rui appointed as the new legal representative and a restructured executive team, the former "Dongfeng Honda Engine" has completely severed ties with the Dongfeng system, reflecting a broader industry trend of asset reallocation and organizational transformation among joint-venture automakers at the inflection point of new energy adoption.