Dongfeng Motor, a major state-owned Chinese carmaker, plans to privatize its Hong Kong-traded unit and list its electric vehicle subsidiary to transition toward electrification. The company is offering shareholders HK$6.68 per share, valuing the unit at HK$55.1 billion, representing an 11.9% premium over the closing price on August 8.

Dongfeng Motor’s premium EV brand, Voyah, will pursue a listing on the Hong Kong bourse to consolidate resources towards emerging industries. This move aims to achieve a reconstitution of valuation and enhance competitiveness in the EV sector. The asset restructuring follows a similar move by another major Chinese automaker, Changan Automobile, focusing on smart vehicles and flying cars.

Dongfeng Motor, a partner of Nissan and Honda, reported 823,900 vehicle deliveries in the first half of 2025, with sales of pure electric and plug-in hybrid vehicles accounting for about a quarter of total sales. Voyah, founded in 2020, delivered over 68,000 electric cars in the first seven months of this year. EV adoption in mainland China exceeded 50% from January to June.

State-owned FAW Group, China’s oldest carmaker, plans to acquire a 10% stake in Leapmotor, an EV manufacturer, to enhance its development and manufacturing capabilities in the EV sector. The investment aims to support joint development of new models, optimize supply chain management, and facilitate overseas expansion.

Read more at Yahoo Finance: Dongfeng Motor to list Voyah EV brand in Hong Kong, take parent company private