Dongfeng Motor plans to develop parts assembly Nissan F91G truck
Dongfeng Automobile announced on November 22 that regarding the F91G project, the company plans to accept the commission of Nissan Automobile Co., Ltd. to develop a light truck cab based on its body data, and the company will provide the developed light truck drivers for Nissan Auto Co., Ltd. subsidiary companies. Room components for Nissan F91G trucks and Renault brand trucks. At the same time, the company's next-generation light trucks share this body.
Nissan Motor Co., Ltd. will pay the company a development fee of 63.305 million yuan (the same below) for its project; its subsidiary company, Nissan Motor Iberica SA, will purchase a special part mold from the company for an amount of 47 million yuan; its subsidiary company, Guangzhou Nissan Trading Co., Ltd. Co., Ltd. purchases spare parts for F91G truck cabs from the company, and the transaction amount is estimated to be 30 million yuan. Its subsidiary company, Nissan International Trading (Shanghai) Co., Ltd., purchases parts of the F91G truck cab from the company and supplies for 5 years after mass production. The amount of goods is expected to be 919 million yuan.
The amount of the project that the company needs to bear is 162 million yuan, including part of the project development fee, the cost of common molds, and the production preparation fee. Nissan Motors Co., Ltd. and its subsidiaries are related parties of the company and this transaction constitutes a related party transaction.
In addition, Zhengzhou Nissan Motor Co., Ltd., a controlling subsidiary of the company, sold its Zhengzhou plant to Guangzhou Fengshen Automobile Co., Ltd. at an estimated value of 109,956,600 yuan, and completed the delivery of assets by the end of December 2013. Dongfeng Motor Co., Ltd., the controlling shareholder of the company, holds a 60% stake in Guangzhou Fengshen, and the transaction constitutes a connected transaction.
Dongfeng Automobile stated that Zhengzhou Nissan's Zhengzhou plant will mainly produce Dongfeng Motor Co., Ltd. after its production. The factory sales will have no impact on the company's production, and it will also improve the company's cash flow, which will have a positive impact on the company's non-recurring gains and losses this year.
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